Earnings Report /
EgyptADIB Egypt: 1Q21| Profits decline sequentially despite strong top-line
Topline sequential improvement wiped out by higher OPEX, provisions and effective tax rate
Annual growth driven by lower OPEX
Lending activity resumed in 1Q21 after pausing in the previous quarter, growing by 5%.
Dalia Bonna
Assistant VP @ Al Ahly Pharos Securities Brokerage
11 May 2021
Published byAl Ahly Pharos Securities Brokerage
