A.T. Lease’s consolidated profits up 9.6% YoY in 9 months
Updated 11/14/2023 9:49:00 AM
Arab Finance: Al Tawfeek Leasing Company (A.T. Lease) reported a 9.6% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest for the first nine months of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on November 14th.
Consolidated net profits amounted to EGP 145.194 million from January through September, versus EGP 132.459 million during the same months of last year.
The company earned operating revenues of EGP 776.383 million in the January-September period of 2023, up from EGP 436.094 million in the same period of 2022.
Likewise, the company’s standalone net profits after tax rose 9.4% YoY to EGP 145.01 million in the first nine months of 2023, up from EGP 132.543 million in the corresponding period of last year.
Meanwhile, standalone revenues soared to EGP 776.248 million from EGP 435.984 million.
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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