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Beltone Financial posts higher consolidated loss in 2021

Beltone Financial posts higher consolidated loss in 2021

ArabFinanceBeltone Financial Holding’s (BTFH) consolidated loss excluding minority interest widened during the full year ended December 31st 2021, according to financial statements filed to the Egyptian Exchange (EGX) on Sunday.

The company’s consolidated loss attributable to the parent company increased to EGP 169.762 million in 2021, from EGP 132.423 million in 2020.

In contrast, Beltone’s standalone profits after tax declined to EGP 66.334 million in 2021, from EGP 161.198 million in 2020, financial statements showed.

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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