Cairo – Mubasher: The consolidated profits of Reacap Financial Investments netted EGP 67.45 million during the first nine months (9M) of 2022.
This represents a year-on-year (YoY) drop of 15.95% when compared to EGP 80.25 million in the January-September 2022 period, including minority shareholders’ rights, according to a bourse disclosure on Sunday.
Revenues of the EGX-listed company stood at EGP 108.43 million in 9M-22, compared to EGP 112.27 million in 9M-21.
As for the separate results, the company turned profitable in the nine-month period ended 30 September 2022, gaining EGP 34.72 million in net profits, against net losses of EGP 1.12 million in the year-ago period.
During the third quarter (Q3) of the year, profits of the EGX-listed firm shrank to EGP 1.13 million, compared to EGP 57.47 million in Q3-21, while revenues slid to EGP 856,068 from EGP 82.89 million.
During the first half (H1) of 2022, Reacap registered net profits of EGP 66.31 million, down from EGP 22.78 million in H-21, including minority shareholders’ rights.
