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Beltone Financial posts EGP 3.8M consolidated profits in Q1

Beltone Financial posts EGP 3.8M consolidated profits in Q1

Arab FinanceBeltone Financial Holding’s (BTFH) consolidated profit after tax rose slightly to EGP 3.835 million in the first quarter (Q1) of 2022 from EGP 3.804 million in the same period a year earlier, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on May 30th.

Total operating revenue grew to EGP 99.266 million in Q1 2022 from EGP 76.253 million in Q1 2021.

As for the standalone financial statement, the company reported a net loss after tax of EGP 18.936 million in the three-month period ended March 31st, down from EGP 22.392 million in the year-ago period.

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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