Arab Finance: Declare HRHO group (HRHO)On the financial and operational results during the year 2024; Where the revenues amounted to 24.4 billion pounds, which is the highest annual revenue ever, at an annual growth rate of 66%, driven by the growth of revenues achieved by the various operating sectors, which include, the investment bank (EFG Hermes), the commercial bank (Nicks Bank), and the non -bank financing platform (EFV Finnes).
The operational expenses of the EFG Holding Group increased at an annual rate of 57% to 15.5 billion pounds in 2024, against the background of increasing the salaries of employees and other operating expenses. On the profit level, the group's net operational profits increased by an annual rate of 84% to 8.9 billion pounds, which was reflected in the growth of net profit before tax deduction at an annual rate of 81% to 7.7 billion pounds during the year 2024.
This was accompanied by the growth of net profit after tax deduction and minority rights at an annual rate of 71% to reach its highest level at 4.3 billion pounds, taking advantage of the improvement of profitability levels in the three business sectors of the group, while the value of the total assets of the group amounted to 186.9 billion pounds by the end of the year.
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