Cairo – Mubasher: The Egyptian Company for Developing Building Materials (LIFT SLAB) on Monday reported turning a profit in the first six months of 2016.
The company achieved a net profit of EGP 93,700 ($10,550) in H1-16 against a loss of EGP 2.3 million ($260,000) in the same period in 2015.
LIFT SLAB previously announced achieving a profit of EGP 47,400 in Q1-16 against losses in the year-ago period.
The company’s stock grew 0.43% to EGP 7.20 on the Egyptian Exchange (EGX) on Monday.
