Cairo – Mubasher: Cairo Development and Investment said it turned to profitability in the third quarter of 2016.
The company reported net profits of EGP 69,920 for the third quarter of 2016, against EGP 1.7 million in losses for the same period of the previous year.
As for the first nine months of 2016, the company reported a decline of 74.35% in net profits as it reached EGP 176,030 compared with EGP 686,220 a year earlier.
