Earnings Report /
EgyptATLC: 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
Equity Research Analyst @ Al Ahly Pharos Securities Brokerage
10 May 2021
Published byAl Ahly Pharos Securities Brokerage
