Cairo – Mubasher: Beltone Holding’s consolidated net operating profit skyrocketed 3,597% year-on-year (YoY) to EGP 1.02 billion in 2023 from EGP 27.80 million.
The consolidated operating revenue surged 411% YoY to EGP 1.87 billion last year from EGP 367 million, according to a press release.
The company reported earnings per share (EPS) of EGP 0.14 in 2023, compared to a loss per share of EGP 0.59 in 2022.
Fourth Quarter
During the fourth quarter (Q4) of 2023, the company’s consolidated net operating profit soared 1,575% YoY to EGP 603.77 million from EGP 383,000.
Operating revenue jumped 739% YoY to EGP 920.68 million in Q4-2023 from EGP 109.77 million.
Standalone Financials
As for the standalone results, Beltone Holding turned profitable in 2023, recording a net profit after tax of EGP 554.38 million, compared to a net loss of EGP 177.53 million in 2022.
Total standalone operating revenue leapt to EGP 748.81 million last year from EGP 56.95 million a year earlier.
Beltone Holding shifted to profitability in the first nine months (9M) of 2023, recording a consolidated net profit of EGP 85.77 million, versus EGP 139.88 million in 9M-22.
