Thndr Claps » EGY Claps » Earnings 📈 » 157% increase in Incolease’s net income in Q1-2022
The ClapIncolease (ICLE) profits increased to EGP 41.31 million during Q1-2022, compared to Q1-2021 bottom line of EGP 16.08 million, achieving an increase of 157% on an annual basis.
Profits rose despite the slight increase witnessed in the company’s revenues with only 3.08%, it recorded EGP 103.5 million Q1-2022, compared to EGP 100.4 million during the same period last year.
Why this mattersPalm Hills showed great interest in the company as it increased its stake twice, the first from 9.6% to 15.3% and the second from 15.3% to 18.2%.
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