Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) on Monday posted a 19% year-on-year decline in unaudited standalone profits for 2017.
Net profit stood at EGP 98.56 million last year, versus EGP 121.68 million in 2016, EFIC highlighted in a filing to the Egyptian Exchange (EGX).
Financial indicators unveiled that the company’s revenues have climbed to EGP 711.84 million in 2017, compared to EGP 514.8 million the year before.
Dividend distributions of EFIC’s subsidiary Suez Company for Fertilizer Production amounted to about EGP 8.54 million in 2017 from EGP 42.7 million the previous year, the company added.
EFIC’s unaudited indicators have shown a 169.32% year-on-year hike in consolidated profits for the first nine months of 2017, as net profits jumped to EGP 130 million in 2017 from EGP 48.27 million in 2016.
