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Reacap Financial Investments’ consolidated profit surges 127.8% YoY in H1

Reacap Financial Investments’ consolidated profit surges 127.8% YoY in H1

Arab Finance: Reacap Financial Investments (REAC) registered a consolidated net profit attributable to the holding company of EGP 44.20 million in the first half (H1) of 2022, up by 127.79% from EGP 19.40 million in H1 2021, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on August 11th.

At the level of standalone financial statement, the company has turned to profitability in H1 2022, recording a net profit after tax of EGP 16.20 million, versus a net loss of EGP 726,645 in H1 2021.

Reacap Financial Investments is an Egypt-based company engaged in the provision of portfolio and fund management services.

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