Swvl Records $3.1m Net Profit, 13% Net Margin, and an Eightfold Growth in Gross Profit [Yahoo! Finance]
Swvl Holdings Corp - Ordinary Shares (SWVL)
Company Research
Source: Yahoo! Finance
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. Financial Highlights for Fiscal Year Ended December 31, 2023: Net Profit: $3.1 million, a turnaround from a net loss of
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SWVL
News
- Swvl Records $3.1m Net Profit, 13% Net Margin, and an Eightfold Growth in Gross ProfitGlobeNewswire
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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