Cairo – Mubasher: Beltone Financial Holding incurred consolidated net losses of EGP 132.42 million in 2020, up by 45% year-on-year (YoY) from EGP 91.50 million, excluding minority shareholders’ rights.

Revenues increased to EGP 276.71 million last year from EGP 233.4 million in 2019, the company said in a bourse disclosure on Monday.

Meanwhile, the company’s standalone net losses narrowed to EGP 161.19 million in 2020, compared to EGP 202.42 million a year earlier.

 During the first nine months of 2020, Beltone incurred net losses of EGP 35.92 million, down from EGP 88.31 million in the corresponding period a year earlier, including minority shareholders’ rights.