Thndr Claps » EGY Claps » Earnings 📈 » Fawry’s 2021 profits increase by 8%
Fawry (FWRY) achieved an 8% increase in annual net income, reaching EGP 242.1 million in 2021, compared to EGP 223.5 million in 2020.
The main drivers
Revenues jumped by 34.3% to EGP 1.66 billion due to revenue sources’ diversification, compared to EGP 1.23 billion in 2020.
The profit’s growth was also attributed to the growth in the company’s banking services sector & its microfinance sector.
For the full earnings release, click here
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