Cairo – Mubasher: Sarwa Capital Holding for Financial Investments posted net profits of EGP 367.4 million in 2020, down by 9.6% year-on-year (YoY) from EGP 406.51 million, including minority shareholders’ rights.

The company’s revenues from goods and services sales fell to EGP 2.17 billion last year, compared to EGP 2.91 billion in 2019, according to a bourse disclosure on Tuesday.

As for standalone business, the company logged EGP 131.3 million in net profits in 2020, down from EGP 202.75 million in the prior year.

During the first nine months of 2020, Sarwa Capital Holding reported net profits of EGP 202.24 million, down from EGP 292.22 million in the corresponding period a year earlier, including minority shareholders’ rights.