Sarwa Capital profits up 37% in 2019

EARNINGS WATCH- Sarwa profits up 37% in 2019: Sarwa Capital’s net profit rose 37% to EGP 389 mn in 2019 from EGP 283 mn the year before, the company said in a press statement (pdf). 4Q profits came in at EGP 109 mn, a 215% increase on the same period in 2018. “We are delighted to report our full year results for 2019, delivering strong growth while continuing to expand our business in a year marked by inconsistent market conditions and weaker than anticipated underlying asset markets,” the company said.