Arab Finance: Company announced Beltone Holding (BTFH)that its subsidiary Beltone for financing small and medium enterprises has completed doubling its paid-up capital to 500 million pounds from 250 million pounds previously.
This step reflects the company's strategic commitment to expanding its operations and enhancing its support for the small and medium enterprises sector in Egypt. We aim to achieve a financing portfolio worth one billion pounds before the end of 2024. This increase in paid-up capital will enable us to strengthen our efforts to support the small and medium enterprises sector.
About the results of its business during the period from 01/01/2024 to 06/30/2024, it showed achieving a net profit assembly It amounted to 816,709,914 pounds, compared to the company achieving net losses amounting to 145,892,450 pounds during the period from 01/01/2023 to 06/30/2023.
In the same context, the company achieved a net profit independent For the period from 01/01/2024 to 06/30/2024, it was estimated at approximately 530,802,257 pounds, compared to net losses amounting to 168,868,938 pounds, during the comparative period of the previous fiscal year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
The company's purpose is to establish companies that issue securities or increase their capital, and to carry out the activity of custodians. The company works in the field of non-banking financial services, securities brokerage activity, and management of securities portfolios and investment funds.
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