Beltone Holding (BTFH.CA) announced its consolidated financial and operational results for the nine months ending 30 September 2024. Beltone’s growth strategy continued to yield impressive results with the Company’s consolidated operating revenue increasing 405% year-on-year to reach EGP 4.8bn. In terms of profitability, Beltone achieved a net profit of more than EGP 1.13bn in 9M 2024, up significantly from EGP 86m in 9M 2023. Beltone’s NBFIs platform witnessed growth across all subsidiaries, with operating revenue rising 757% year-on-year to reach EGP 3.9bn in 9M 2024. Beltone Venture Capital executed six equity and follow-up investments in 9M 2024, and successfully increased its managed portfolio to more than EGP 1.5bn.

Source: Daily News Egypt November 18, 2024 22:09 UTC