Immediate shares for bank technology and electronic payments listed on the Egypt Stock Exchange increased by 2.88% during Sunday’s trading and at the price of 8.23 pounds per share, after the company announced its annual profit.
The trading on an immediate share at that time came through 1.87 million shares, with a value of trading 15.28 million pounds.
The highest price for the share at that time was at 8.23 pounds per share during the session, while the lowest price for the share was at 8.03 pounds per share.
The rise in the price of Fawry Company for Banking and Electronic Payment Technology came after announcing the collected financial statements for the year 2024, as the company recorded an increase in its profits by 114.35% compared to the previous year.
The company explained that it achieved profits of 1.74 billion pounds in 2024, compared to profits of 815.96 million pounds in 2023, taking into account the rights of the minority.
The company’s revenues also witnessed a remarkable increase, reaching 5.51 billion pounds in 2024, compared to 3.27 billion pounds in 2023.
On the level of independent business, the company’s profits increased to 1.4 billion pounds in 2024, compared to 610.84 million pounds in 2023.
With regard to the company’s performance during the first nine months of 2024, Fahim achieved profits of 1.205 billion pounds, compared to profits of 556.212 million pounds in the same period from 2023, taking into account the rights of the minority.
As for revenues in that period, it increased to 3.84 billion pounds in 2024, compared to 2.31 billion pounds in 2023.
The company’s profits also increased at the level of independent business during the first nine months of the year to 984.97 million pounds, compared to 441.82 million pounds in the same period last year.
