Cairo – Mubasher: International Company for Leasing’s (Incolease) consolidated financial results showed a marginal profit decline during the first half of 2019.
Net profits inched down to EGP 56.9 million in the January-June period of 2019, compared to EGP 58.27 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday.
Meanwhile, revenues tumbled to EGP 563.7 million in H1-19, compared to EGP 620.4 million in H1-18.
As for the second quarter of 2019, the Egyptian company logged a profit of EGP 27.5 million, down from EGP 29.3 million in the corresponding period a year earlier.
During the three-month period ended 31 March, Incolease’s net profits rose to EGP 29.39 million, compared to EGP 28.6 million in the year-ago period.
