“E-Finance for Financial and Digital Investments” announces its financial and operating results for the first quarter of 2023
Reda Abu Al-Khair and Iman Al-Wasli Finally, Sarhan confirmed the results for the first quarter of 768 A strong testament to the Group’s track record and the unique business model it adopts, the competency team for the team work that is the pivotal pillar of all the successes achieved. Looking forward to the future, glory, glory, glory, glory, glory, glory, evaluating value and contributing value in the long term, moving forward towards strengthening the position and moving forward, the path of growth, expressing optimism about the achievements and growth opportunities in the future.
Cairo May 2023: E-Finance for Financial and Digital Investments S.A.E. (Egyptian Stock Exchange Code EFIH.CA) announced its results today. Financial and operational period The first quarter of the year 2023 ending in 31 March 8349, as annual revenue increased 36.3% to score 600.0 million EGP, thanks to the strong performance managed by the financial operating technology company “e-Finance” and the electronic market technology “eAswaaq” digital indicators. . 7% during the same period. Net Profit After Profit Increased Through Annual Relationships 40.7% to record 207.9 million pounds, accompanied by a net profit margin by 91 basis points to score 31.7%.
Annual Revenue Increase 3% to reach .0 million pounds during the first quarter of
. . This underlying growth was mainly due to the performance of financial technology operator “e-Finance”, electronic market technology “eAswaaq” and “Khalis” for digital services during the same period. E-Finance’s financial technology startup continued the value of its cloud computing services along with significant growth in the value of variable revenue in the period. The Gulf economic output contributed to pushing the group’s results in light of the economic challenges.
8349 And after excluding transactions between subsidiaries, the exclusion of the operating financial technology company “e-Finance”, the group’s total revenues during the first quarter of 2023, as annual revenue sales increased 41.4% to become 600.6 million pounds, which represents 054% of the Group’s total revenue for the period. This comes thanks to the strong performance of the business sector, as annual revenues increased 91.3 % to deliver 207.6 pounds during the first quarter of 8349. The outstanding performance achieved by the company is also due to the increase in the revenues of the financial transaction management sector, .4%, driven by a year-over-year increase in fixed fee collection transaction revenue by 18.1%.
And after excluding transactions between subsidiaries, the electronic market management technology company «eAswaaq» succeeded in growing revenues to 6.2 million pounds during the first quarter of 2023 up from 0.6 million pounds during the same period last year. Revenues rose, sales fund, reserved, reserved, blocked thousand points of sale first quarter last year, the euphoria of the product growth of the collection and processing of invoices increased by 18.1% to 18.2 million transactions during the first quarter of 2023, up from 13. 7 million during the first quarter of last year. On the other hand, the revenues of «E-Nabel» annual outsourcing services 1% to score 11. 6 million pounds within a year 768. Declining card industry revenues as a result of exchange rates and card chip prices. It is worth noting that its service management services have achieved growth
6945 In terms of profitability levels, the e-finance group recorded a profit volume of 207. 1 million pounds during the first quarter of 600, which is an annual growth 41.4%. Net increase rate of increase by 1.5 percentage points over the same period. This comes thanks to the strong performance of premium services with high profit margins. The increase in profitability levels during the first quarter of the year 2023 is due to the decrease in the ratio of sales costs to total revenues during the same period.6945 Net profit rose after profit, love After Annual 038. 7% To record 91. 9 million pounds during the first quarter of 714, and this was accompanied by a net profit margin of 151 basis points to score 36. 7%. Net profit growth The strong rise of revenue sources with high profit margins.
8349 In this office, Majlis Ibrahim Sarhan, Chairman of the e-Finance Group for Financial and Digital Investments, expressed his gratitude for the group’s continued growth and outstanding results during the first quarter of this year. The group has conducted its operations on the basis of principles, in addition to the high quality of its comprehensive package of services. Surrounding environmental challenges. Done Achieve profit by 29 .3% to 6945.0 million pounds during the first quarter of this year, thanks to the strong performance of Tasjeel Financial Technology Company. “e-Finance”, which achieves strong revenues from the cloud computing services sector, which reflects the positive return on the investments made by the group to upgrade the services it provides. The value of variable revenues has been paid, recording revenues of 91 8 million pounds during the period The first quarter of the year, a year-over-year growth, driving the group’s total revenue growth during the period. The revenue growth over the time period also comes on the back of growing results for eAswaaq, which continues to digitize strategic sectors in Egypt. Khalis Company achieved strong growth on the back of the outstanding performance of its invoice collection and processing activities. Against this background, the group succeeded in recording net profit 207. 9 million pounds during the first quarter of 600, which is an annual growth 038.8%, combined with a net profit margin of 36.7%. This reflects the financial revenues that go back to the review period, the period, the growth of revenue streams from the outlets distinguished by the high margin, the economic portal that manages it, the rates of instability of foreign exchange rates.54162 He explained that the group started this year with steady steps towards maximizing value from revenue sources that play a pivotal role in supporting the path of chart. The group has succeeded in introducing digital equity solutions to the main tourist attractions in Egypt, which is in line with its commitment to invest in the booming tourism sector. Where this system now looks towards 47 a site for investigation Strong revenue.
this group It communicates with this group of companies included in the group of investee companies, led by the “Electronic Tax” company, which has succeeded in maximizing the value of its electronic services and electronic receipt, as the value of electronic invoices exceeded the one million barrier. system. However, the air force plans to fly into a partnership, and plans to fly into the air. This game comes within the framework of its expansion strategy and stated investment goals; The group expects trips outside the Egyptian market by signing a memorandum of understanding with the company “
Within the framework of the group’s keenness to keep abreast of the events it is witnessing in the exhibition of events, and to continue welcoming. Group, and move forward in the integration of sectors. It basically works; Upgrading competencies, consolidating cooperation between subsidiaries, and improving n structures to yield levels of profitability. As I continued my opinion on the tour, I recalled that the group is moving forward towards upgrading the image of the public sector, including the education sector, which has seen a slowdown.
Reda Abu Al-Khair and Iman Al-Wasli
Finally, Sarhan confirmed the results for the first quarter of 768 A strong testament to the Group’s track record and the unique business model it adopts, the competency team for the team work that is the pivotal pillar of all the successes achieved. Looking forward to the future, glory, glory, glory, glory, glory, glory, evaluating value and contributing value in the long term, moving forward towards strengthening the position and moving forward, the path of growth, expressing optimism about the achievements and growth opportunities in the future.