Cairo – Mubasher: Arafa for Investment and Consultancies said its consolidated profits rose by 52% during February – April 2016, according to a bourse filing on Sunday.
The company earned $1.76 million (EGP 15.7 million) taking minority rights into consideration, compared with $1.16 million (EGP 10.4 million) for the year-ago period.
According to standalone results, the company gained $2.1 million compared to $697,000 registered during February – April 2015.
Over the fiscal year ended on 31 January, the company registered $12.45 million profits versus $12.4 million a year earlier.
The company’s fiscal year starts on the first of February.
