Incolease posts EGP 82.2M profits in 2021
Updated 2/28/2022 9:37:58 AM
ArabFinance: International Company for Leasing’s (Incolease) (ICLE) net profits after taxes grew to EGP 82.195 million in 2021, from EGP 74.237 million in 2020, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.
Meanwhile, the company’s operating revenue plummeted to EGP 386.222 million in the full year ended December 31st 2021, from EGP 515.131 million the year before.
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 other tangible and intangible long-term assets.
