Beltone records losses of LE 91.5M during 2019

CAIRO – 17 March 2020: Beltone Financial Holding recorded an increase in its consolidated losses during 2019 by 11 percent, reaching LE 91.5 million, compared to LE 82.4 million in 2018.

According to the company’s financial results, revenues declined to LE 243 million in 2019, compared to LE 342.7 million in prior year.

As per standalone results, the company recorded losses of LE 202.43 million, compared to losses of LE 210.36 million in 2018.

The company reported losses of LE 63.3 million during the first nine months of 2019, up from LE 27.2 million including minority rights during the same period of 2018.

Beltone Financial operates within the diversified financials sector focusing on investment banking & brokerage. Beltone Financial was established in May 2006.