Cairo – Mubasher: Al Shams Housing and Urbanization Company posted on Wednesday a rise of 147% in its profits for the fourth quarter of fiscal 2016 to EGP 31.72 million, versus EGP 12.84 million for Q4-15.
Profits for fiscal 2016 increased 49.73% to EFP 69.64 million from EGP 46.51 million for fiscal 2015, according to a bourse filing.
The company said that the floatation of the Egyptian pound had no effect on its results.
