Faisal Islamic Bank's consolidated profit leaps 181% YoY in Q1-24

Revenues soared 78.80% YoY to EGP 11.66 billion in Q1-24 from EGP 6.52 billion, according to unaudited financial results

Staff Writer, Mubasher

May 9, 2024

PHOTO

The consolidated net profit of Faisal Islamic Bank of Egypt jumped 180.60% year-on-year (YoY) to EGP 6.16 billion in the first quarter (Q1) of 2024 from EGP 2.19 billion.

Revenues soared 78.80% YoY to EGP 11.66 billion in Q1-24 from EGP 6.52 billion, according to unaudited financial results.

The basic earnings per share (EPS) recorded EGP 10.40 in the three-month period that ended on 31 March 2024, a 185.50% YoY leap from EGP 3.51.

Faisal Islamic Bank of Egypt saw a 179.80% YoY surge in standalone net profit to EGP 6 billion in Q1-24 from EGP 2.14 billion.

The bank's consolidated net profits declined by 6.90% YoY to EGP 4.42 billion in 2023 from EGP 4.75 billion.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.