Digitize for Investment’s consolidated profits climb 37.2% YoY in Q1

Traders work at the Egyptian stock exchange in Cairo, Egypt September 5, 2023. REUTERS/Shokry Hussien Image used for illustrative purpose.
Reuters

Operating revenues grew to EGP 78.364 million from EGP 64.497 million

Staff Writer, Arab Finance

June 2, 2024

PHOTO
Traders work at the Egyptian stock exchange in Cairo, Egypt September 5, 2023. REUTERS/Shokry Hussien Image used for illustrative purpose.

Digitize for Investment and Technology’s consolidated net profits after tax surged 37.2% year on year (YoY) in the first three months of 2024 to EGP 1.227 million, compared to EGP 894,888 during the first quarter (Q1) of 2023, as per a filing on June 2nd.

Operating revenues grew to EGP 78.364 million from EGP 64.497 million.

The firm’s standalone results showed an increase in net profits after tax in the January-March period to EGP738,705, up from EGP 489,210 over the same period a year ago.

Digitize, established in 2015, is a direct investment firm specializing in digital transformation across various sectors.

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.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO