Cairo – Mubasher: Elsaeed Contracting and Real Estate Investment Company registered EGP 19.4 million profits for the third quarter of the fiscal year 2016, higher 420% year-on-year from EGP 3.73 million, according to a bourse filing on Thursday.
In the first nine months, the company recorded EGP 67.9 million consolidated profits, compared with EGP 75.24 million for the year ago period.
The standalone profits declined to EGP 67.89 million in nine months from EGP 75.24 million for the first nine months of 2015.
In the first half, net profits declined 32.09% to EGP 48.57 million, the company earlier said.
The stock quote rose 4.6% to EGP 0.91 piasters by 1:35pm Cairo time on Thursday.
