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

Stock market financial exchange and Trading graph technology concept. Getty Images Image used for illustrative purpose.
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The company did not achieve standalone revenues in Q1 2024

Staff Writer, Arab Finance

May 30, 2024

PHOTO
Stock market financial exchange and Trading graph technology concept. Getty Images Image used for illustrative purpose.

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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