Earnings Report /

ATLC: 1Q21 – Bottom-line surges on strong topline and securitisation gains

  • Net income almost quadrupled to EGP74mn on the back of securitisation gains (EGP65mn) and top line growth (EGP53mn)

  • Despite stronger top-line growth, bottom-line improvement was held back by higher opex and lower fees income

  • Maintain overweight on favourable industry dynamics and company’s positive performance

Bassma Bakry


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