Cairo – Mubasher: Beltone Financial Holding incurred losses of EGP 48.4 million in the first half of 2019, compared to EGP 887,025 in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Thursday.
Meanwhile, revenues plunged to EGP 261.4 million in H1-19 from EGP 361.6 million in H1-18.
As for the second quarter of 2019, Beltone’s net losses after taxes amounted to EGP 34.09 million, compared to EGP 10.8 million in the corresponding period a year earlier.
At the level of standalone business, the company suffered losses of EGP 20.9 million in H1-19, up from EGP 14.4 million in H1-18.
During the three-month period ended 31 March, Beltone turned to losses of EGP 23.19 million, versus a profit of about EGP 760,220 in the year-ago period.
