Cairo – Mubasher: The consolidated income statements of Americana Egypt registered a surge of 443.4% in earnings during fiscal year 2018 compared to the previous year.
Americana Egypt’s consolidated profits soared to EGP 29.46 million in FY18 from EGP 5.5 million in FY17, according to a bourse disclosure on Monday.
The consolidated revenues increased to EGP 3.666 billion in FY18 from EGP 3.205 billion in the previous year.
As for the standalone profits, Americana Egypt posted EGP 116.53 million in FY18 from EGP 27.79 million a year ago.
Meanwhile, the standalone revenues grew to EGP 3.32 billion last year from EGP 2.88 billion in FY17.
