Cairo – Mubasher: Egyptian Resorts Company (ERC) posted on Wednesday a consolidated net profit of EGP 66.08 million for the first quarter of fiscal year 2017, against losses worth EGP 1.4 million for Q1-16.
Consolidated revenues increased in Q1-17 to EGP 109.39 million from EGP 595,200 for Q1-16, according to a bourse filing.
Standalone profit for Q1-17 grew 41% to EGP 41.31 million, compared to EGP 29.25 million for Q1-16.
