Cairo – Mubasher: El Kahera Housing registered EGP 137.5 million consolidated profits during the third quarter of 2016, higher 266.2% year-on-year from EGP 37.6 million, according to a bourse filing on Sunday.
Net consolidated profits for the first nine months leapt 46% to EGP 195.6 million, compared with EGP 133.7 million.
The standalone results revealed that the company turned a loss during the third quarter after logging EGP 1.6 million losses against EGP 36.3 million profits.
On a nine-month basis, unconsolidated net profits slid 92.6% year-over-year to EGP 4.2 million from EGP 57.1 million.
The stock quote was placed at EGP 11 with a 0.36% decline by 11:52am CLT on Sunday.
