Cairo – Mubasher: Al Shams Housing and Urbanization reported an increase of 22% in net profits for the third quarter of 2016.
The company’s profits stood at EGP 14 million at Q3 – 2016 up from EGP 11.47 million a year earlier.
As for the first nine months of 2016, the company reported an increase of 12.5% in net profit as it reached EGP 37.92 million compared with EGP 33.67 million for the comparable period of the preceding year.
The company reported earlier EGP 23.93 million in net profits for the first half of 2016.
