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Belton Financial Holding turns to profitability in H1

Belton Financial Holding turns to profitability in H1

ArabFinance: Belton Financial Holding (BTFH) reported a consolidated net profit of EGP 8.54 million for the first half (H1) of 2021, against of net loss of EGP 20.52 million in the year-ago period, according to the company’s consolidated financial statement filed to the Egyptian Exchange (EGX).

Total revenues amounted to EGP 193.82 million in H1 2021, up from EGP 130.08 million in the same period of 2020.

At the level of standalone financial statement, the company incurred net loss after tax of EGP 39.52 million in H1 2021, up from EGP 30.06 million in H1 2020.

Beltone is an Egypt-based company, which operates within the diversified financial sector focusing on investment banking and brokerage.

The company develops an online trading platform, called Beltone Trade, as well as provides brokerage services, asset management, investment banking, liquidity services in regional markets, and research and analysis services.

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