Arab Finance: e-finance for Digital and Financial Investments (EFIH) posted a 64.05% year-on-year (YoY) jump in consolidated net profits after tax and non-controlling interest in the first quarter (Q1) of 2024, recording EGP 462.527 million, versus EGP 281.943 million, as per a filing.

Revenues climbed to EGP 1.149 billion from January to March this year from EGP 767.969 million in the same period last year.

The company reported standalone net profits after tax of EGP 546.664 million in Q1 2024, up from EGP 327.949 million in Q1 2023.

Meanwhile, standalone revenues soared to EGP 528.618 million from EGP 308.463 million.

Founded in 2005, e-finance is the first fintech platform in Egypt and a leading digital payment infrastructure developer.

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