AT Lease reports 20.2% YoY growth in H1 consolidated profit
Updated 8/11/2022 2:30:48 PM
Arab Finance: Al Tawfeek Leasing Company (A.T.LEASE) (ATLC) posted a consolidated net profit attributable to the parent company of EGP 115.53 million in the first half (H1) of 2022, up by 20.2% from EGP 96.10 million in H1 2021, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on August 11th.
Total operating revenues grew to EGP 425.77 million in H1 2022 from EGP 323.43 million in the year-ago period.
As per the standalone financial statement, the company recorded a standalone net profit after tax of EGP 115.52 million in the January-June period, compared to EGP 96.04 million in H1 2021.
AT LEASE is an Egypt-based Islamic sharia-compliant leasing company, which provides a variety of international leasing solutions and products. The company offers its products under the following categories: financial lease/capital, true ease, structured lease, and vendor lease.
