Economy Country February 03, 2025

Beltone Holding Achieves Financial Results for 2024

Beltone Holding announced its financial results for 2024, where it recorded a net profit of 1.7 billion Egyptian pounds, an increase of 4.6 times compared to the previous year. Its revenues amounted to 7.2 billion pounds.


Beltone Holding Achieves Financial Results for 2024

The company "Blutun Holding" announced financial results for 2024, noting an increase in net profit to 1.7 billion pounds. This indicator increased by 4.6 times compared to the previous year due to excellent results achieved by all financial group companies, as well as a significant contribution from the investment bank.

The total credit portfolio of non-bank financial activities group by the end of 2024 reached 26.1 billion pounds, more than double the previous year's forecast. General Director and Executive Director of the company Dalia Khurshid emphasized that financial results reflect the strategic vision of the company, based on data, and its growth in operational efficiency.

The platform of non-bank financial activities demonstrated an improvement in the results and profitability of all subsidiary companies, with total operational income reaching 5.8 billion pounds, exceeding last year by six times. This was made possible due to the outstanding performance of financial companies offering innovative financial services.

In addition, the investment bank reported operational income of 1.3 billion pounds for 2024, increasing by 2.4 times compared to the previous year. The diversity of services for promotion and coverage significantly improved, including new consulting programs and financial deals in capital and cash markets.

The company's management confirmed the necessary efforts to strengthen its leading position, geographic expansion, and sustainable growth, focusing on innovation and digital development. The results for 2024 underpinned the successful strategy of the "Blutun Holding" company, leading to historically high financial indicators and an increase in total revenue to 7.2 billion pounds.