Cairo – Mubasher: Al Tawfeek for Financial Lease reported that its net consolidated profits for the first quarter surged 198.5% year-over-year to EGP18.1 million ($2.04 million) from EGP6.1 million ($688,660), according to a bourse filing.
Its standalone profits reached EGP12.1 million in the first quarter, 85.1% up from EGP6.5 million for the year-ago quarter.
In 2015, the company registered EGP38.8 million consolidated profits compared to EGP21.2 million for 2014.
