Cairo - Mubasher: Giza General Contracting and Real Estate Investment (GGCC) reported a rise in profits by 8.9% in 2016, as shown by the company’s adjusted financial statements.
Profits totalled EGP 57.2 million last year compared to EGP 52.5 million in 2015, the company said in a statement to the Egyptian Exchange (EGX) on Monday.
Total revenues amounted to EGP 60.43 million during the fiscal year ended on 31 December 2016, the statement indicated.
The company’s board of directors has recommended the distribution of bonus shares at 25%, noting that the company is currently going through a stage of growth and expansion.
