Cairo – Mubasher: Beltone Financial Holding turned to net profits of EGP 3.803 million in the first quarter (Q1) of 2021, against net losses of EGP 8.44 million in Q1-20, including minority shareholders’ rights.

The revenues increased to EGP 97.94 million in the January-March period, compared to EGP 67.98 million in the year-ago period, the company said in a bourse disclosure on Monday.

As for standalone business, the company incurred net losses of EGP 22.39 million in the three-month period ended 31 March, up from EGP 14.65 million in the corresponding period in 2020.

In 2020, Beltone Financial Holding incurred consolidated net losses of EGP 132.42 million, up from EGP 91.50 million a year earlier, excluding minority shareholders’ rights.