Egypt's SCZONE signs $4.2m deals for container yards with Turkish partners    Egyptian pound opens lower against US dollar on August 25    Egypt FM condemns Israeli violations, reaffirms Gaza support    Egypt pushes to boost medical exports    Egypt urges Germany to press for end to blatant Israeli crimes in Gaza    Egypt defends Gaza role amid rising death toll, intensified global pressure on Israel    Egypt, ACDIMA discuss expanding pharmaceutical production, export opportunities    Misr Italia commits EGP 11bn to real estate investments in 2025    Valero Developments completes concrete works for CIRCLE 9 Mall, launches White Mall construction    North Coast fees dispute driven by unclear implementation: FEI official    Egypt to host 3rd Global Conference on Population, Health and Human Development in November    Egypt gears up to host Barcelona Convention COP24 on Mediterranean Pollution in December    Norway's wealth fund investments in Israel dominate election, could decide government    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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



Beltone incurs EGP 105m in losses in 1H 2022
The company's total revenues also decreased to EGP 110.39m, down from EGP 193.82m.
Fatma Salah Published in Daily News Egypt on 24 - 08 - 2022

Beltone Financial Holding suffered a loss of EGP 105.6m in the first half (1H) of this year, compared to 1H 2021's net profit of EGP 8.5m.
The company's total revenues also decreased to EGP 110.39m, down from EGP 193.82m.
Furthermore, Chimera Capital acquired 259.121 million shares of Beltone Financial, representing 55.9% of the company's shares, which were owned by Orascom Financial Holding's shareholders at a value of about EGP 385m.
The shares were offered by Orascom Financial after its Board of Directors agreed to sell its stake to Chimera despite the share price in the market being higher than the offer by about 18%.

Clic here to read the story from its source.