OFH’s standalone profits drop 43% YoY in Q1 2024

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The company did not achieve standalone revenues in Q1 2024

Staff Writer, Arab Finance

May 30, 2024

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Orascom Financial Holding (OFH) recorded standalone net profits after tax of EGP 62.472 million in the first quarter (Q1) of 2024, down 43.4% year on year (YoY) from EGP 110.471, the firm disclosed.

The company did not achieve standalone revenues in Q1 2024.

Founded in 2020, OFH is a technology-driven financial service investment company. The company is traded on the EGX under the symbol OFH.CA.

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