Cairo – Mubasher: Modern Shorouk Printing and Packaging Company’s consolidated net profit for the first quarter of fiscal year 2017 increased 43.3% to EGP 13.9 million, compared to EGP 9.7 million for Q1-16.
Sales rose in the first three months of FY17 by 130.2% to EGP 236.9 million, versus EGP 102.88 million in the same period last year, according to a bourse filing released on Wednesday.
Cost of sales increased in Q1-17 by 160.5% to EGP 187.36 million from EGP 71.92 million in Q1-16.
Standalone net profit amounted to EGP 29.3 million in Q1-17, 219% up from EGP 9.19 million for Q1-16.
