Cairo – Mubasher: Contact Financial Holding achieved net profits of EGP 114.77 million in the first quarter (Q1) of 2021, up by 22.38% year-on-year (YoY) from EGP 93.78 million, including minority shareholders’ rights.

The company’s revenues slid to EGP 413.83 million in the January-March period, compared to EGP 1.17 billion in the same period in 2020, according to a bourse disclosure on Monday.

As for standalone business, the company logged EGP 84,539 in net profits in Q1-21, down from EGP 3.157 million in Q1-20.

Over the course of 2020, the company posted net profits of EGP 367.4 million, down from EGP 406.51 million a year earlier, including minority shareholders’ rights.