Parliament committee to address problem of stray dogs in Egypt    Lebanon PM Hariri agrees reform package in bid to resolve economic crisis: Official sources tell Reuters    EU plays for time as Johnson spars with UK parliament on Brexit    Shell Egypt to sell assets in Western Desert to focus on offshore exploration    Turkey and Russia to discuss removal of Kurdish militia from Syrian towns    Senegal's Generation Foot show up in Cairo for 'take-two' against Zamalek    WHO hails 'triumph' as Ebola vaccine gets European green light    Current and ex smokers may lower lung cancer risk with exercise    Bayern Munich defender Suele sidelined with torn cruciate ligament    Canada's Trudeau, main rival trade attacks as campaign come to conclusion    Live score: Manchester United v Liverpool (English Premier League)    Egypt's Sisi praises SCC's role in protecting justice, rights, freedoms    Egypt is first destination for foreign investments in Africa: World Bank    Leather exports fall 31.5% in 8 months due to global demand – official    Egypt's Qalaa Holdings to operate 100% of refinery units in January – official    France's President Macron receives Egypt's Coptic Pope Tawadros II at Elysee    Egypt inks deal with Euroclear Bank to upgrade public debt management    Egypt's Cooperative Insurance Society to cover NGOs clients' loans    After a young pupil dies of meningitis in Egypt, tips to help prevention    Turkey plans presence across northeast Syria: Erdogan    Egypt's PM urges US's ADTRAN Inc. to invest in communications equipment    French President Macron receives Egypt's Coptic Pope Tawadros II at Elysee    Egypt urges its citizens in Lebanon to exercise caution as protests continue    'Passports should be valid for six months,' Egypt's foreign ministry advises citizens planning travel abroad    Grand Nile Tower Arts & Cultural Centre launches second round    Egypt's coach Hossam El-Badry satisfied with winning start despite technical problems    Luxor's new discoveries    Moroccan film Nomades scoops awards in Alexandria Film Festival    Toshiba's JV with Egyptian Elaraby opens regional HQ in South Africa    Six authors vie for Booker prize 2019, Atwood in the lead    In Photos: A sneak peek into rehearsals for the Cleopatra ballet world premiere    Sisi, Ethiopia's PM to meet in Moscow to discuss GERD issue    Sisi: army engaged in attrition phase against terrorism in Sinai since 2013    10K fans to attend Egypt's friendly against Botswana in Alexandria: EFA    Sisi, Ethiopia's PM agree to overcome obstacles in Nile dam talks    Farwell to Egyptian comic actor Talaat Zakaria    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Sarwa Capital achieved consolidated net income of EGP 183 mln in H1 2019, up 24%
Published in Ahram Online on 05 - 08 - 2019

Sarwa Capital Holding for Financial Investments SAE (SRWA.CA), Egypt's leading consumer and structured financial services provider, has announced its consolidated financial results for the period ending on 30 June 2019.
The company revealed a consolidated net income after minority interest of EGP 183 million, up 24 percent from EGP 148 million for the period ending on 30 June 2018, and consolidated earnings before taxes were up by 30 percent.
“We are pleased to announce our interim results for the first half of 2019, a period marked by a number of key milestones and developments for the business. During the second quarter, we launched our insurance businesses, began factoring services, expanded our commercial vehicle financing operation, engaged in a number of important partnerships, and received the first Sukuk issuer license in the market," according to a statement issued by Sarwa.
"With some of the headwinds affecting our underlying markets abating and demand recovering, we see growth potential ahead, enhanced by our expanding insurance operations and ongoing investments in technology with digital capabilities that will propel the business forward,” the statement said.
Sarwa is a pioneer in consumer and structured financial services in Egypt. Operating since 2001, Sarwa adopts innovative approaches in extending its services, offering quality services with simple procedures and reaching a wide client base through its various subsidiaries, affiliates and partners.
The company offers market leading services including new and used car financing through Contact Auto Credit, home finishing finance through Contact Mortgages, consumer goods financing through get Go Credit Services, SME asset finance through Plus Leasing, insurance products through Sarwa Insurance and Sarwa Life Insurance, in addition to an array of corporate financing services including securitisation, structured debt and debt investment management.
Sarwa is authorised and regulated by the Financial Regulatory Authority (FRA).

Clic here to read the story from its source.