Cairo – Mubasher: The consolidated financial statements of Beltone Financial Holding recorded net losses of EGP 35.92 million in the first nine months of 2020, down by 59% year-on-year (YoY) from EGP 88.31 million, including minority shareholders’ rights.

The company’s revenues rose to EGP 195.33 million in the January-September period from EGP 170 million in the corresponding period a year earlier, according to a bourse disclosure on Thursday.

As for standalone business, the company suffered net losses of EGP 51.93 million in the nine-month period ended 30 September, up from EGP 20.55 million in the prior-year period.

During the first half (H1) of 2020, Beltone Financial Holding incurred net losses of EGP 20.52 million, down from EGP 67.43 million in H1-19, including minority shareholders’ rights.