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AT Lease profit rises 15% in 9M

AT Lease profit rises 15% in 9M
Profits totalled EGP 50.5 million in the nine-month period ended September
AT Lease
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Cairo – Mubasher: Al Tawfeek for Financial Lease (AT Lease) on Monday reported a 14.8% year-on-year increase in consolidated profits for the first nine months of 2018.

Profits totalled EGP 50.5 million in the nine-month period ended September, versus EGP 44.05 million in the year-ago period, the company said in a filing to the Egyptian Exchange (EGX).

Revenues rose to EGP 570 million in the January-September period, compared to EGP 491.9 million in the prior-year period.

At the level of standalone business, profits increased to EGP 50.5 million at the end of September, versus EGP 43.3 million in the same period last year.

It is worth noting that AT Lease had generated EGP 16.32 million in consolidated profits in the first quarter of 2018, versus EGP 15.6 million in Q1-17, including minority shareholders’ rights.