Cairo – Mubasher: Dice Sport and Casual Wear posted a 21.5% decrease in its net profit for the second quarter of 2016, according to a bourse filing.
The company registered EGP 4.06 million profits in the second quarter, compared with EGP 5.17 million for the year-ago period.
Over the first half, the company turned into losses after logged EGP 443,300 versus EGP 9.42 million profits for the first half of 2015.
The company attributed these losses to higher exchange rate differences that reached EGP 13.64 million in the first half, compared to EGP 3.21 million for H1-15.
