Cairo – Mubasher: The unaudited standalone financial results of the Egyptian Financial and Industrial Company (EFIC) showed net profits of EGP 37.2 million in the first nine months of 2020, down by 32% year-on-year (YoY) from EGP 54.5 million.

The company’s revenues retreated to EGP 396.34 million in the January-September period from EGP 630.3 million in the corresponding period a year earlier, according to a bourse disclosure on Sunday.

During the first six months of the year, EFIC logged net profits of EGP 10.89 million, down from EGP 37.54 million in the prior-year period.