Egyptian digital bill payments firm Fawry nine-month profits jump 90.4%

Egyptian digital bill payments firm Fawry reported on Monday a 90.4 percent year-on-year growth in profits for the first nine months of the year.

The company made profits worth 145.19 million Egyptian pounds ($9.3 million) in the nine months ending in September 2020, compared with 76.25 million pounds in the same period last year.

Nine-months revenues also rose to 892.721 million from 614.33 million last year, the company added in a statement sent to the Egyptian stock exchange (EGX).