Cairo – Mubasher: Arabia Investments, Development and Financial Investment Holding swung from losses into profits during the third quarter of 2016, the consolidated results revealed.
The company registered EGP 12.3 million profits in Q3 against EGP 17.4 million losses for the year-ago period.
Over the first nine months, consolidated losses shrank to EGP 10.2 million from EGP 11 million for the first nine months of 2015.
Earlier, the company announced recording EGP 10.3 million standalone profits for the first nine months of 2016, lower 19.5% year-over-year from EGP 12.8 million.
The stock quote was lower 1.02% to EGP 0.97 by 10:14am Cairo local time.
