Cairo – Mubasher: Consolidated profits of Al Tawfeek for Financial Lease (AT Lease) rose slightly on annual basis during the first quarter of 2018 due to an increase in revenues.

Consolidated profits stood at EGP 16.32 million in the three-month period ended March 2018, versus EGP 15.6 million in Q1-17, including minority shareholders’ rights, the company said in a filing to the Egyptian Exchange.

Revenues grew to EGP 181.3 million in Q1-18, compared to EGP 152.5 million in the prior-year period.

Meanwhile, standalone profits increased to EGP 16.26 million in Q1-18, up from EGP 15.07 million in Q1-17.

The company had previously posted profits of EGP 58.8 million for the full-year ended December 2017, against EGP 48.9 million in profits for 2016.

AT Lease’s capital amounts to EGP 200 million distributed over 80 million shares at a par value of EGP 2.5 per share.