Cairo – Mubasher: Al Tawfeek for Financial Lease (AT Lease) posted a 0.18% slight drop in its profits during the first half of 2019.

Net profits edged down to EGP 34.104 million in the six-month period ended 30 June, compared to EGP 34.165 million in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Wednesday.

Year-on-year, revenues retreated to EGP 194.95 million in the January-June period of 2019 from EGP 297.24 million.

At the level of standalone business, the company’s profit inched up to EGP 34.135 million in H1-19 from EGP 34.13 million in H1-18.

During the first quarter of 2019, AT Lease’s net profit amounted to EGP 18.82 million, compared to EGP 16.32 million in the year-ago period.

Revenues increased to 202.29 million in Q1-19 from EGP 181.3 million in Q1-18.

As for non-consolidated results, the company’s logged a net profit of EGP 18.83 million in the three-month period ended 31 March, compared to EGP 16.26 million in the prior-year period.