Sarwa Capital accomplishes profits of LE 192.9M in 6 months

CAIRO – 5 August 2019: Financial Indicators of Sarwa Capital Holding for Financial Investments revealed recording consolidated profits of LE 192.9 million during the first half of 2019, compared to LE 155.9 million during the same half of 2018, marking an increase of 24 percent.

It also showed that sales of commodities and services declined to LE 1.03 billion during the first six months of the year, down from LE 1.08 billion during the same months of 2018.

During the second quarter, SarwaCapital reached profits of LE 65.04 million, compared to LE 100.3 million in the same quarter of 2018.

As per standalone results, Sarwa Capital’s profits surged to LE 74 million during the first six months of 2019, compared to LE 20.19 million during the same months of 2018.

The company recorded profits of LE 127.87 million during the first three months of the year, up from LE 55.65 million during the same three months of 2018.

Sarwa Capital Holding for Financial Investments is listed on the Egyptian Exchange (EGX) since October 2018,operating within the diversified financial sector focusing on asset management & custody banking.