Beltone Holding, one of the fastest growing financial institutions, has reported a groundbreaking financial performance for the first nine months of 2024, with consolidated operating revenues soaring by 405 percent year-on-year to EGP 4.8 billion and net profits skyrocketing 1,218 percent to surpass EGP 1.13 billion. The company’s net profit margin reached an impressive 23.4 percent, signaling the success of its transformation strategy. The results, announced on Monday 18 November, underscore Beltone’s exceptional financial and operational achievements, marking a significant milestone as the group crossed the EGP 1 billion profit threshold for the first time. “Achieving record net profit and crossing the EGP1 billion for the first time, is a testament to the group’s ability in delivering on its transformation strategy and to generate growth while delivering sustainable profitability,” said Dalia Khorshid, Group CEO and Managing Director of Beltone Holding, in a statement. “This solid financial and operational performance across all business lines is a direct result of the group’s swift and adaptable data-driven business model, its fully-fledged product offering, and its extraordinary talent.” Record Growth Across All Platforms Beltone’s Non-Banking Financial Institutions (NBFIs) platform was a standout performer, with…
Beltone Holding Shatters Records with 405% Revenue Growth and 1218% Profit Surge in 2024
November 19, 2024
