Beltone records losses of LE 35.92M in 9 months of 2020

CAIRO – 12 November 2020: Beltone Financial Holding recorded a decrease in its consolidated losses during the first nine months of 2020 by 59 percent, reaching LE 35.92 million, compared to LE 88.31 million, including minority rights, in the same months of 2019. 

According to the company’s financial results, revenues rose to LE 195.33 million in the period of 2020, compared to LE 170 million in compared period of 2019.

As per standalone results, the company recorded losses of LE 51.93 million, compared to losses of LE 20.55 million in the nine months of 2019. 

During the first half of 2020, the company recorded losses of LE 20.52 million, compared to LE 67.43 million, including minority rights, in the same months of 2019.

The company reported losses of LE 9153 million during 2019, up from LE 82.4 million including minority rights during 2018. 

Beltone Financial operates within the diversified financials sector focusing on investment banking & brokerage. Beltone Financial was established in May 2006.