Cairo – Mubasher: Industrial Engineering Company for Construction and Development Company’s (ICON) earnings fell by 3.6% year-on-year in the first quarter of fiscal 2016.
Net profit reached EGP 13.37 million ($1.5 million) in Q1-16, versus EGP 13.87 million ($1.6 million) in Q1-15, according to a bourse filing released on Sunday.
Total revenues came to EGP 78.3 million ($8.81 million) by the end of March 2016, compared to EGP 60.25 million ($6.78 million) in the same period of 2015.
ICON earlier reported a net profit of EGP 58.3 million in 2015, against EGP 28.9 million in 2014.
