(MENAFN- Daily News Egypt) Contact Financial Holding, Egypt's leading non-bank financial services provider, announced that its financing portfolio rose to EGP 19, up from EGP 13 during the comparative period of last year. This came in the company's consolidated financial results for the first nine months of 2023 announced on Tuesday. The company achieved significant growth in its financing portfolio, net profits, and key business segments, demonstrating its resilience and adaptability in the face of challenging market conditions. Net profits also surged by 33% to EGP 405m, demonstrating the company's resilience and the effectiveness of its growth strategies. “Meanwhile, our Contactcars platform continued to strengthen and support the Auto Financing segment and has also started to effectively monetize both classifieds ads and dealer subscriptions.

Source: Daily News Egypt November 16, 2023 02:33 UTC