Beltone Financial reports 200% top line growth in FY2017 on Auerbach Grayson acquisition

EARNINGS WATCH- Beltone Financial reported a net income after minority of EGP 9 mn in FY2017, down from EGP 44 mn in FY2016, where a one-time FX gain masked a bottom-line loss, the firm said. Top line growth reached 200% to EGP 700 mn, driven largely by by the acquisition of Auerbach Grayson (AG) in the US, the company said in an earnings release (pdf).