Cairo – Mubasher: The unaudited income statements of the Egyptian Financial and Industrial Company (EFIC) showed that the standalone net profits soared by 222% annually during the first nine months (9M) of 2022 to EGP 293.13 million, compared to EGP 91.08 million.

Earnings per share (EPS) reached EGP 0.33 in the January-September period in 2022, compared to EGP 0.10 in the corresponding period in 2021, according to a bourse disclosure on Monday.

The company’s revenues reached EGP 1.23 billion in 9M-22, a hike of 66% from EGP 745.57 million in 9M-21.

During the first half (H1) of 2022, the consolidated net profits of EFIC jumped to EGP 499.90 million, compared to EGP 75.61 million in the same period in 2021. 

Meanwhile, EFIC announced registering higher annual standalone net profits by 562% to EGP 247.4 million in H1-22, compared to EGP 37.40 million in H1-21.