Latest news with #electronicPayment
Zawya
9 hours ago
- Business
- Zawya
Fawry sees $400,000 trading transaction on EGX for ESOP
Fawry for Banking Technology and Electronic Payment witnessed a trading transaction valued at EGP 19.915 million, the Egyptian Exchange (EGX) announced on June 17th. The transaction was executed on the company's issued 3.493 million shares as part of the employee stock ownership plan (ESOP). In the first quarter (Q1) of 2025, Fawry reported 97.13% year-on-year (YoY) higher consolidated profits attributable to the parent company at EGP 605.378 million, compared to EGP 307.089 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
16-05-2025
- Business
- Zawya
Egypt: Fawry's consolidated profits soar 97.13% YoY in Q1 2025
Egypt - Fawry for Banking Technology and Electronic Payment (FWRY) reported a 97.13% year-on-year (YoY) climb in consolidated profits attributable to the parent company in the first quarter (Q1) of 2025, registering EGP 605.378 million, compared to EGP 307.089 million, as per a filing. Consolidated operating revenues surged to EGP 1.794 billion in the January-March period from EGP 1.087 billion in the same period last year. As for standalone financial results, the company's net profit after tax soared to EGP 542.159 million in Q1 2025 from EGP 305.194 million in Q1 2024. Meanwhile, standalone operating revenues went up to EGP 1.077 billion from EGP 729.977 million. Fawry is an Egypt-based company that provides an electronic payment network. The company allows users to pay bills in multiple channels, such as online, using automated teller machines, mobile wallets, and retail points. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
