Contact Financial Holding, Egypt’s premier non-bank financial services provider, announced Tuesday its consolidated financial results for the quarter and year ending 31 December 2023. The Group showcased robust year-on-year growth, with operating income increasing by 20% in financing and 79% in insurance. Bottom-line results were equally impressive, with financing net income up by 30% and insurance net income surging by 84%. The consolidated normalised net income ascended by 14% year-on-year to EGP 693 million, underscoring the Group’s resilience and strategic growth amidst a challenging economic landscape. Reflecting on the year’s performance, management expressed satisfaction, stating, “Ending the year on a positive note, we delivered robust financial and operational results.

Source: Daily News Egypt March 06, 2024 08:14 UTC