Cairo – Mubasher: Al Tawfeek for Financial Lease (AT Lease) on Wednesday reported a 45.3% decline in its consolidated profits for the second quarter of 2016.
The company’s net profits reached EGP 8.8 million in Q2-16 from EGP 16.1 million in Q2-15, according to a bourse filing.
Net consolidated profits grew 21.2% to EGP 26.88 million in the six-month period of 2016 from EGP 22.18 million in the year-ago period.
Total revenues also rose 8.74% to EGP 111.71 million in Q2-16 from EGP 102.73 million in the same period of the previous year.
Unconsolidated profits went up 16% to EGP 7.95 million in Q2-16 from EGP 6.85 million in Q2-15, While they levelled up 49.7% to EGP 20 million in H1-16, compared to EGP 13.4 million in H1-15.
