Nile City 9M standalone profit soars 561%

Cairo – Mubasher: Nile City Investment Company posted a surge of 561.2% in standalone net profit for the first nine months of 2015.

The company reported nearly EGP 19 million ($2.4 million) in the nine-month period, up from EGP 2.9 million ($371,500) in the same period a year ago.

Meanwhile, revenues amounted to approx. EGP 129.3 million, down from EGP 135.7 million in the prior-year period.

Mubasher Contribution Time: 03-Jan-2016 14:03 (GMT)