Al-Tawfeek Leasing Announces Consolidated Profit of LE 34.104 Million for First Half

Rana Mamdouh

The consolidated financial statements of Tawfiq Leasing Company (ATL) for the first half of this year show a marginal decrease in net income compared to the corresponding period.

The company achieved a net profit of 34.104 million EGP for the six months ended June 2019, compared to 34.165 million EGP compared to the same period of last year.

Total business income increased over the same period to reach 397.245 million pounds against 372.242 million for the same period.

In the first half of this year, finance lease income was 242.692 million Egyptian pounds, compared with 224.286 million Egyptian pounds for the same period.

The earnings per share for the same period was 0.31 EGP against 0.30 EGP for the corresponding period.

At the level of independent operations, Tawfik Leasing Company's financial statements showed a slight increase in net income for the first half of this year, reaching a record net worth of 34.135 million pounds, compared to 34.130 million pounds in the period corresponding.