SNG: Egypt: Faisal Islamic Bank sees 87.1% YoY lower standalone profits in Q1 2025

About this update from Faisal Islamic Bank Of Egypt

Staff WriterArab Finance: Faisal Islamic Bank of Egypt logged standalone net profits after tax worth EGP 772.744 million in the first quarter (Q1) of 2025, an annual plunge of 87.1% from EGP 6 billion, as per the financial results.Basic earnings per share (EPS) dropped by 88.5% year-on-year (YoY) to EGP 1.124 in Q1-25 from EGP 9.772.The revenues shrank by 35.9% to EGP 6.527 billion in the first three months of 2025 from EGP 10.175 billion during the same period in 2024.In 2024, the standalone net profits after tax interest hiked by 189.37% YoY to EGP 11.739 billion from EGP 4.056 billion.© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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