Cairo – Mubasher: Arabia Investments, Development and Financial Investment Holding Company posted on Monday a consolidated net profit of EGP 1.1 million for the first quarter of fiscal year 2017, compared to losses worth EGP 32.8 million for Q1-16.
Revenues decreased in Q1-17 to EGP 326.59 million from EGP 432.15 million for Q1-16, a bourse filing said.
Standalone net profit for the first three months of FY17 reached EGP 1.83 million, versus EGP 7.35 million for the same period last year.
By 10:09am Cairo time, the stock stood at EGP 0.89.
