Vertika’s H1 net profit climbs by 23.2% YoY

Updated 8/16/2023 10:10:00 AM
Vertika’s H1 net profit climbs by 23.2% YoY

Arab Finance: Vertika for Industry and Trade (VERT) posted a 23.18% year-on-year (YoY) jump in net profit after tax for the first half (H1) of 2023, according to the financial income statement filed to the Egyptian Exchange (EGX) on August 16th

Net profit after tax amounted to EGP 491,509 in H1 2023, compared to EGP 399,015 in H1 2022.

Revenues reached EGP 5.517 million during the January-June period of this year, up from EGP 5.453 million during the first six months of 2022.

Founded in 2005 and listed on EGX in 2013, Vertika offers information technology and business consulting services, while developing and distributing software and applications.

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