Cairo – Mubasher: Emaar Misr for Development said Tuesday that net profit for the second quarter of 2016 rose 25% year-over-year to EGP 436.79 million ($49 million) from EGP 349.49 million ($39.3 million), according to a bourse filing.
Over the first six months, net profit reached EGP 691.28 million ($77.7 million), higher 23.4% from EGP 522.19 million ($58.7) for the year-ago period.
In the first quarter, net profits increased by 47.35% to EGP 254.49 million profits.
