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Al Tawfeek Leasing posts profit growth in H1

Al Tawfeek Leasing posts profit growth in H1

ArabFinance: Al Tawfeek Leasing Company (A.T.LEASE) (ATLC) reported a consolidated net profit of EGP 96.10 million in the first half (H1) of 2021, compared to EGP 35.74 million in H1 2020, according to the company’s financial statements filed to the Egyptian Exchange (EGX).

Meanwhile, standalone net profit stood at EGP 96.04 million in H1 2021, compared to profits of EGP 35.69 million in H1 2020.

AT LEASE is an Egypt-based Islamic sharia-compliant leasing company, which provides a variety of international leasing solutions and products. The company offers its products under the following categories: financial lease/capital, true ease, structured lease, and vendor lease.

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