{"id":548892,"date":"2022-08-25T04:00:15","date_gmt":"2022-08-25T04:00:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/beltone-financial-turns-a-loss-in-2q-2022\/"},"modified":"2022-08-25T04:00:15","modified_gmt":"2022-08-25T04:00:15","slug":"beltone-financial-turns-a-loss-in-2q-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/beltone-financial-turns-a-loss-in-2q-2022\/","title":{"rendered":"Beltone Financial turns a loss in 2Q 2022"},"content":{"rendered":"

Beltone Financial returned to the red in 2Q 2022<\/strong>, recording EGP 109.4 mn in net losses after making a EGP 4.7 mn profit in the same period last year, according to its consolidated financials (pdf)<\/a>. Revenues were down 1% to EGP 82.7 mn during the April-June quarter despite interest income rising by a third due revenues from fees and commissions sliding 34%.<\/p>\n

REMEMBER- Beltone is under new management: <\/strong>Chimera Investments replaced Orascom Financial Holding as Beltone\u2019s controlling shareholder earlier this month<\/a> after purchasing its 56% stake at EGP 1.485 per share. CEO Ibrahim Karam was replaced by former investment minister and Masar chairwoman Dalia Khorshid<\/a> the following week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Beltone Financial returned to the red in 2Q 2022, recording EGP 109.4 mn in net losses after making a EGP 4.7 mn profit in the same period last year, according to its consolidated financials (pdf). Revenues were down 1% to EGP 82.7 mn during the April-June quarter despite interest income rising by a third due […]<\/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":[812,302,409,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548892","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-beltone-financial","tag-earnings","tag-earnings-watch","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"ed13e808-bab5-4c03-b2fa-d890ebd71483","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548874],"teaser":"","voice_url":""},"yoast_head":"\nBeltone Financial turns a loss in 2Q 2022 - 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\/08\/25\/beltone-financial-turns-a-loss-in-2q-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beltone Financial turns a loss in 2Q 2022\" \/>\n<meta property=\"og:description\" content=\"Beltone Financial returned to the red in 2Q 2022, recording EGP 109.4 mn in net losses after making a EGP 4.7 mn profit in the same period last year, according to its consolidated financials (pdf). Revenues were down 1% to EGP 82.7 mn during the April-June quarter despite interest income rising by a third due […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/beltone-financial-turns-a-loss-in-2q-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-25T04:00:15+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\/08\/25\/beltone-financial-turns-a-loss-in-2q-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/beltone-financial-turns-a-loss-in-2q-2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Beltone Financial turns a loss in 2Q 2022\",\"datePublished\":\"2022-08-25T04:00:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/beltone-financial-turns-a-loss-in-2q-2022\/\"},\"wordCount\":108,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Beltone Financial\",\"earnings\",\"earnings watch\",\"EnterpriseAM\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/beltone-financial-turns-a-loss-in-2q-2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/25\/beltone-financial-turns-a-loss-in-2q-2022\/\",\"name\":\"Beltone Financial turns a loss in 2Q 2022 - 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