The Clap
Contact (CNFN) recorded an 18% increase in profits to reach EGP 268.5 million during H1 2022.
The Deets
Contact reported an increase in funding by 52% YoY in H1 2022, to reach EGP 5.1 billion. This increase was largely due to the strong performance of consumer financing products, commercial car financing, and real estate financing.
Insurance Sector
The total insurance installments increased by 98% YoY, to reach EGP 504 million. Contact said that these figures are a result of strong performances from its insurance subsidiaries, and their success in delivering new products.
To read the full earnings release, click here.
Contact profits increase during H1 2022 ↗️
