Cairo – Mubasher: The Egyptian Financial and Industrial Company (EFIC) reported on Wednesday an increase of 80% in its consolidated net profit for the fourth quarter of fiscal year 2016 to EGP 59.88 million, versus EGP 33.26 million for Q4-15.
Consolidated net profit for FY16 amounted to EGP 108.18 million, 37.8% up from EGP 78.49 million for FY15, according to a bourse filing.
Total sales grew to EGP 884 million in FY16 from EGP 843.2 million in FY15.
