ArabFinance: Beltone Financial Holding (BFH) incurred a consolidated net loss of EGP 132.42 million in 2020 compared to EGP 91.5 million in 2019, excluding minority shareholders rights, according to the companys statement to the Egyptian Exchange on March 1st.
Standalone net loss stood at EGP 161.19 million last year, compared to EGP 202.42 million in 2019.
The company saw a 43% Year on Year decline in its consolidated net loss in the first nine months of 2020, recording EGP 35.92 million, compared to EGP 63.3 million in the prior-year period.
Beltone is an Egypt-based company, which operates within the diversified financial sector focusing on investment banking and brokerage.
The company develops an online trading platform, called Beltone Trade, as well as provides brokerage services, asset management, investment banking, liquidity services in regional markets, and research and analysis services.
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