Cairo – Mubasher: The unaudited financial results of the International Company for Leasing (Incolease) reported a 3.15% increase in its net profits during the first nine months of 2019.
Net profits increased to EGP 86.73 million in the January-September period, compared to EGP 84.08 million in the prior-year period, the company said in a statement to the Egyptian Exchange (EGX) on Thursday.
In the meantime, the company generated EGP 512.48 million in revenue in the nine-month period ended 30 September, down from EGP 576 million in the corresponding period a year earlier.
It is worth mentioning that during the first half of 2019, Incolease logged a net profit of EGP 56.9 million, compared to EGP 58.27 million in H1-18.
