Cairo – Mubasher: Misr Refrigeration and Air Conditioning (Miraco) said its profits for the first half of 2016 increased by 63%.
The firm said reported net profits of EGP 88.23 million ($8.98 million) for the first half of 2016, up from EGP 54.15 million ($6 million) for the same period of the previous year.
Miraco profits stood at EGP 9.55 million ($1.08 million) for the first quarter of 2016.
The company’s sales revenues rose to EGP 877 million in the first half of 2016, from EGP 574 million at the similar period of the previous year up by 53%.
