Cairo – Mubasher: The unaudited standalone net profits of Egyptian Financial and Industrial Company (EFIC) hiked by 203% to EGP 218.21 million in 2021, compared to EGP 71.99 million in the earlier year.

The company generated revenues of EGP 1.17 billion in 2021, up 75% from EGP 666.35 million in 2020, according to a bourse filing on Thursday.

It is noteworthy to mention that in the first nine months (9M) of 2021, the company's consolidated net profits increased to EGP 169.09 million from EGP 82.79 million in the year-ago period.