Arab Finance: The Egyptian Financial and Industrial Company (EFIC) reported a 7.3% year-on-year (YoY) decrease in its consolidated net profits after tax during 2023, according to the company’s financial statement.
The firm achieved net profits attributable to the parent company of EGP 699.898 million last year from EGP 755.392 million in 2022.
Meanwhile, loss in sales amounted to EGP 3.975 billion in 2023, compared to EGP 2.373 billion a year earlier.