Arab Finance: Al Tawfeek Leasing Company’s (A.T.LEASE) (ATLC) reported a 13.84% year-on-year (YoY) increase in consolidated profit attributable to the parent company during 2023, according to financial statements filed to the Egyptian Exchange (EGX).

The company’s consolidated profit excluding minority interest rose to EGP 170.912 million in 12 months to December 31st from EGP 150.135 million a year earlier.

Total operating revenues surged to EGP 1.033 million in January-December from EGP 607.619 million the year before.

Furthermore, the standalone net profit after tax rose to EGP 171.019 million from January to the end of December from EGP 150.087 million in the same period last year.

Established in 2005, the company provides a variety of international innovative leasing solutions using the provisions of Islamic Shariaa and according to the best international standards. The Company offers its products under the categories of financial lease/capital, true lease, structured lease, and vendor lease.

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