Flash Report /
Egypt

Fawry management webinar key takeaways

  • Financial performance expectations in 2020: revenues (+40.0% YoY, cEGP1.24 bn) and net profits (+38% YoY, cEGP180 mn)

  • Forecasts for 2021: revenues growing by 42% (c.EGP1.76 bn) and net profit growing by 56% (c.EGP281 mn)

  • Capital increase proceeds to be directed towards investing in the Mobile platform, supply chain and acceptance business.

Mariam Wael
Al Ahly Pharos Securities Brokerage
22 January 2021