Swvl Records $3.1m Net Profit, 13% Net Margin, and an Eightfold Growth in Gross Profit
Swvl Holdings Corp - Ordinary Shares (SWVL)
Company Research
Source: GlobeNewswire
8x Gross Profit growth year on year to $4.1 million Achieved cash flow positivity, with self-funded growth Profitable growth drove earnings per share from continuing operations to $0.61 Strong balance sheet with no debt and more than doubled the positive equity value compared to 2022 DUBAI, United Arab Emirates, April 30, 2024 (GLOBE NEWSWIRE) -- Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a technology provider for enterprise and government mobility solutions with a global footprint, announces a significant achievement in its financial performance for the fiscal year 2023. The Company has successfully delivered positive net profit and cashflow for the full year. Continuing the positive momentum established in the initial half of the fiscal year, Swvl completed the path to profitability program initiated in 2022. The Company is committed to boosting profitability further while concurrently resuming strategic expansions into high-revenue markets. Fin
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SWVL
News
- Swvl Records $3.1m Net Profit, 13% Net Margin, and an Eightfold Growth in Gross Profit [Yahoo! Finance]Yahoo! Finance
- BSGM, ENLV and WISA among mid-day movers [Seeking Alpha]Seeking Alpha
- IDN, VERI among major tech gainers; SWVL, BCAN among losers [Seeking Alpha]Seeking Alpha
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- Ecommerce Market in Middle East and Africa Set to Expand with Promising CAGR of 9.64% Until 2027, Finds New Data-Centric Report [Yahoo! Finance]Yahoo! Finance
SWVL
Sec Filings
- 4/30/24 - Form 6-K
- 4/30/24 - Form 20-F
- 3/19/24 - Form SC
- SWVL's page on the SEC website