ArabFinance: International Company for Leasing’s (Incolease) (ICLE) net profit went down to EGP 74.23 million in 2020, from EGP 92.67 million in 2019, the company stated in a statement to the Egyptian Exchange on March 1^st.

During the first nine months of 2020, the company’s net profit declined 25% Year on Year to EGP 60.65 million.

Incolease is an Egypt-based company engaged in the provision of customer service and personalized financial solutions.

The company leases a range of assets, including commercial vehicles, machinery, information technology equipment, production lines, real estate, and others tangible and intangible long-term assets.