Cairo – Mubasher: Egyptian Company for International Tourism Projects (Americana Egypt) released its FY15 consolidated financial statements, showing that net profit dipped 9.6% to EGP187.8 million ($24.05 million), compared with EGP207.8 million ($26.6 million) by the end of 2014.
Americana Egypt’s sales rose to EGP2.7 billion by the end of 2015, from EGP2.23 billion a year earlier.
The company’s consolidated financial indicators earlier revealed that FY15 profits declined to EGP186.8 million, compared with EGP207.6 million in FY14.
Meanwhile, net profit in the first half stood at EGP65 million, against EGP122.8 million for the same period in the prior-year period.
