Cairo – Mubasher: El Nasr Transformers and Electrical Products Company (ELMACO) reported on Wednesday an increase in annual profits by 79.6%.
The company’s net profit increased to EGP 23.9 million in 2016, compared to EGP 13.3 million in 2015.
Revenues increased to EGP 445.3 million in 2016, compared to EGP 323.7 million in 2015.
ELMACO decided to hold its ordinary general meeting (OGM) in April to discuss recommended cash dividends of EGP 0.10 per share.
