{"id":544580,"date":"2022-03-10T04:00:38","date_gmt":"2022-03-10T04:00:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/"},"modified":"2022-03-10T04:00:38","modified_gmt":"2022-03-10T04:00:38","slug":"e-finances-net-income-up-84-in-4q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/","title":{"rendered":"E-finance\u2019s net income up 84% in 4Q2021"},"content":{"rendered":"<p><strong>E-finance\u2019s net income jumped 84% y-o-y in 4Q 2021 to EGP<\/strong><strong> 139.3 m<\/strong><strong>n<\/strong>, according to the company\u2019s <a href=\"https:\/\/ent.news\/2022\/3\/E-finance-earnings-09-03-2022.pdf\">earnings<\/a><a href=\"https:\/\/ent.news\/2022\/3\/E-finance-earnings-09-03-2022.pdf\">release (pdf)<\/a>. Revenues rose almost 60% during the October-December period to record EGP 663.7 mn. Annually, the company\u2019s bottom line grew 47% to EGP 519.7 mn on revenues of EGP 1.96 bn, up 59% y-o-y.<\/p>\n<p><strong>The breakdown: <\/strong>The state-owned tech firm\u2019s flagship digital operations subsidiary, and its smart cards arm eCards, together accounted for around 95% of top-line growth in 2021. E-finance for Digital Operations\u2019 revenues were up 23% last year to EGP 1.5 bn, driven by a \u201crapid expansion\u201d in its financial cloud services. Revenues increased more than fourfold at eCards to reach EGP 375.8 mn as the subsidiary ramped up its new card management and smart solutions businesses. The company spent EGP 14.4 mn on one-off IPO-related expenses, including EGX, Financial Regulatory Authority, consulting fees, according to the release.<\/p>\n<p><strong>Looking ahead: <\/strong>E-finance aims to expand its client base \u201cbeyond government agencies and banks to grow the group\u2019s exposure to retailers and corporates.\u201d The company also aims to increase its share of wallet from digital banks, including by investing more in its cloud services, and to up its spend on tech in general.<\/p>\n<p><strong>New e-Finance shareholders will be paying close attention: <\/strong>This is the company\u2019s first full-year release since it made its blockbuster EGX debut last year, raising some EGP 5.8 bn. Earnings <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ac253e0-0e2d-4a1f-aff4-b82036b3ced5\">fell<\/a> in 3Q2021, but most investors will have been waiting for the 2021 release for a fuller picture on whether the firm can live up to the expectations generated in the IPO. E-finance shares closed down 2.9% at EGP 17.61 yesterday.<\/p>\n<p><strong>ALSO FROM E-FINANCE-<\/strong> The firm has appointed <strong>Sayed El Waraky<\/strong> (<a href=\"https:\/\/www.linkedin.com\/in\/sayed-el-waraky-6a408a86\/?originalSubdomain=eg\">LinkedIn<\/a>) as <strong>investor relations <\/strong><strong>manager<\/strong>, according to a <a href=\"https:\/\/ent.news\/2022\/3\/E-finance-new-IR-head.pdf\">disclosure to the bourse (pdf)<\/a>. Former IR head <strong>Ahmed El Sayed<\/strong> is still onboard, now as <strong>senior investor relations manager<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>E-finance\u2019s net income jumped 84% y-o-y in 4Q 2021 to EGP 139.3 mn, according to the company\u2019s earningsrelease (pdf). Revenues rose almost 60% during the October-December period to record EGP 663.7 mn. Annually, the company\u2019s bottom line grew 47% to EGP 519.7 mn on revenues of EGP 1.96 bn, up 59% y-o-y. The breakdown: The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[339,409,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544580","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-e-finance","tag-earnings-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"5352d54d-79b4-42d6-8dda-a45086a836b6","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[544564],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>E-finance\u2019s net income up 84% in 4Q2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-finance\u2019s net income up 84% in 4Q2021\" \/>\n<meta property=\"og:description\" content=\"E-finance\u2019s net income jumped 84% y-o-y in 4Q 2021 to EGP 139.3 mn, according to the company\u2019s earningsrelease (pdf). Revenues rose almost 60% during the October-December period to record EGP 663.7 mn. Annually, the company\u2019s bottom line grew 47% to EGP 519.7 mn on revenues of EGP 1.96 bn, up 59% y-o-y. The breakdown: The [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-10T04:00:38+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"E-finance\u2019s net income up 84% in 4Q2021\",\"datePublished\":\"2022-03-10T04:00:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/\"},\"wordCount\":306,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"e-finance\",\"earnings watch\",\"EnterpriseAM\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/\",\"name\":\"E-finance\u2019s net income up 84% in 4Q2021 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-03-10T04:00:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"E-finance\u2019s net income up 84% in 4Q2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"E-finance\u2019s net income up 84% in 4Q2021 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/e-finances-net-income-up-84-in-4q2021\/","og_locale":"en_US","og_type":"article","og_title":"E-finance\u2019s net income up 84% in 4Q2021","og_description":"E-finance\u2019s net income jumped 84% y-o-y in 4Q 2021 to EGP 139.3 mn, according to the company\u2019s earningsrelease (pdf). Revenues rose almost 60% during the October-December period to record EGP 663.7 mn. Annually, the company\u2019s bottom line grew 47% to EGP 519.7 mn on revenues of EGP 1.96 bn, up 59% y-o-y. 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Revenues at the EGX-listed fintech firm rose 21% during the quarter to record EGP 559.5 mn.The breakdown: Topline growth was driven by e-Finance\u2019s digital operations subsidiary, where revenues grew 23% to\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581233,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/e-finance-earnings-rise-83-in-2022\/","url_meta":{"origin":544580,"position":1},"title":"e-Finance earnings rise 83% in 2022","author":"enterpriseam admin","date":"22 February 2023","format":false,"excerpt":"e-Finance had a strong 2022: e-Finance\u2019s adjusted net income rose 83% to EGP 948.6 mn in 2022, according to the company\u2019s earnings release (pdf). Revenues came in at EGP 2.6 bn, up 35% y-o-y. In 4Q, the state-owned tech company\u2019s adjusted net income jumped 67% y-o-y to EGP 232.7 mn\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/E-Finance-Building-1600-px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":610204,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/16\/efg-holding-e-finance-palm-hills-macro-group-report-3q-earnings\/","url_meta":{"origin":544580,"position":2},"title":"EFG Holding, E-Finance, Palm Hills + Macro Group report 3Q earnings","author":"enterpriseam admin","date":"16 November 2023","format":false,"excerpt":"EFG Holding income, revenues up on investment, commercial bank growth:EFG Holding\u2019s net income after tax and minority interest rose 24% y-o-y to EGP 395 mn in 3Q 2023 on the back of strong growth at its investment bank and aiBank, according to its earnings release(pdf). Revenues during the quarter climbed\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/530.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620270,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/19\/e-finance-contact-financial-report-1q-earnings\/","url_meta":{"origin":544580,"position":3},"title":"e-Finance, Contact Financial report 1Q earnings","author":"enterpriseam admin","date":"19 May 2024","format":false,"excerpt":"e-Finance Digital Operations made up 89% of the company\u2019s total revenues for the quarter","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1364.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603584,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/16\/so-many-earnings-2\/","url_meta":{"origin":544580,"position":4},"title":"So many earnings\u2026","author":"enterpriseam admin","date":"16 August 2023","format":false,"excerpt":"The earnings dump continues: The end-of-earnings-season rush continued yesterday, with a number of EGX-listed companies releasing their 2Q \/ 1H 2023 financials. Edita, E-Finance, Contact Financial and Orascom Development Egypt all reported strong results despite the ongoing economic challenges. Drugmaker Rameda\u2019s turned in a strong revenue performance, but like many\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/755.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":670139,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/14\/valu-bonyan-raya-cx-and-more-report-earnings\/","url_meta":{"origin":544580,"position":5},"title":"Valu, Bonyan, Raya CX and more report earnings","author":"enterpriseam admin","date":"14 August 2025","format":false,"excerpt":"Valu saw its net income jump 121% y-o-y during 2Q 2025 to EGP 217 mn","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1272.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544580"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544580\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544564"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544580"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544580"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}