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Sawra Capital achieves EGP 352.6M consolidated net profit

Sawra Capital achieves EGP 352.6M consolidated net profit

ArabFinance: Sarwa Capital Holding (SRWA) posted a 9% Year on Year fall in its consolidated net profit in 2020, according to the company’s February 16th statement to the Egyptian Exchange.

Consolidated net profit stood at EGP 352.67 million in 2020, compared to EGP 388.71 million in 2019.

The company’s standalone net profit recorded EGP 131.29 million by December 31st 2020, compared to EGP 202.75 million in the prior-year period.

On a yearly basis, the company’s consolidated net profit declined 31% during the first nine months of 2020, registering EGP 193.86 million.  

Sarwa Capital offers financial solutions such as auto credit, insurance, and consumer finance. The group also helps and structures debt transactions for companies that need to access debt capital markets to fund growth, manage risk, improve financial standing, and raise liquidity.

 

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