Beltone Financial Holding’s loss widens 45% in 2020

Beltone Financial Holding incurred consolidated net losses of 132.42 million Egyptian pounds  in 2020, up by 45 percent year-on-year (YoY) from 91.50 million pounds, excluding minority shareholders’ rights.

Revenues increased to 276.71 million pounds last year from 233.4 million pounds in 2019, the company said in a bourse disclosure/

Meanwhile, the company’s standalone net losses narrowed to 161.19 million pounds in 2020, compared to  202.42 million pounds a year earlier.