Vertika’s profits fall by 21.68% YoY in 2022: Egypt

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Founded in 2005 and listed on EGX in 2013, Vertika offers information technology and business consulting services

Staff Writer, Arab Finance

March 9, 2023

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Vertika for Industry and Trade (VERT) posted a 21.68% year-on-year (YoY) decrease in net profit after tax for the year ended December 31st, 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on March 8th.

The company recorded a net profit after tax of EGP 687,516 in 2022, compared to EGP 877,782 in 2021.

Revenues declined to EGP 11.161 million last year from EGP 23.847 million a year earlier.

Founded in 2005 and listed on EGX in 2013, Vertika offers information technology and business consulting services, while developing and distributing software and applications.

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