Egypt’s EFG Holding reports 20% profit growth in Q2 of 2023

EFG Holding’s net income rose 20 percent year-on-year to 405 million Egyptian pounds in second quarter of 2023, according to the company’s latest financial results.

The group’s revenues in the three months to June 30 surged by 51 per cent year-on-year (YoY) to 3.1 billion pounds, while the company saw both net income and revenue rise 89 percent.