Cairo – Mubasher: The Egyptian Transport and Commercial Services Company’s (Egytrans) stock, on Tuesday, hit its highest level since about a year and a half (9 August 2015).
By 11:02am Cairo time, the stock rose 5.4% to EGP 5.4, with a turnover of EGP 1.3 million.
The company posted Tuesday a rise of 21,700% in its consolidated net profits for the fourth quarter of fiscal year 2016 to EGP 37.06 million, versus EGP 170,000 for Q4-15.
Consolidated net profits for fiscal year 2016 increased 488.8% to EGP 58.7 million from EGP 9.97 million for FY15, according to a bourse filing.
