Cairo – Mubasher: Beltone Financial Holding saw a 132% increase in its consolidated profits for the first quarter of 2016, according to a bourse statement.
Q4 net profits thus reached EGP 13.3 million ($1.5 million), compared with EGP 5.7 million ($647,200), taking minority rights into consideration.
According to the standalone financials, net profits declined 57% year-over-year to EGP 963,700 ($109,000) from EGP 2.2 million ($251,000).
Over the fiscal year 2015, earnings plunged 65% year-over-year to EGP 5.4 million from EGP 15.3 million.
