Cairo – Mubasher: Arabia Investments, Development and Financial Investment Holding Company reported on Thursday a consolidated net profit of EGP 27.6 million for fiscal year 2016, against a consolidated net loss worth EGP 7 million for FY15.
Standalone net profit amounted to EGP 7.7 million in FY16, 20.2% up compared to EGP 6.4 million for FY15, according to a bourse filing.
The company will hold an ordinary general meeting (OGM) on 3 May to discuss the financial statements for the year ended on 31 December 2016.
