Cairo – Mubasher: The consolidated financial statements of Beltone Financial Holding showed a 69.5% year-on-year (YoY) decrease in its net losses to EGP 20.52 million in the first half (H1) of 2020, compared to EGP 67.43 million, including minority shareholders’ rights.

In the meantime, the company’s revenues rose to EGP 130.29 million in the January-June period from EGP 109.8 million in the year-ago period, according to a bourse disclosure on Sunday.

As for standalone business, Beltone incurred net losses of EGP 30.06 million in H1-20, up from EGP 20.9 million in H1-19.

During the first quarter (Q1) of 2020, the company’s net losses fell to EGP 8.44 million from EGP 33.3 million in Q1-19.