Nile City FY15 profits surge 116%

Cairo – Mubasher: Nile City Investment reported a jump of 116% in its net profit for the fiscal year 2015, according to the unaudited financial statements.

The annual gains soared to EGP 58.28 million in 2015, compared to EGP 26.96 million a year earlier.

Sales reached EGP 189 million during the fiscal year, higher 2% year-on-year from EGP 185.21 million.

Earlier, the Egyptian Exchange suspended trading on the company's stock until the disclosure of financial results.

Mubasher Contribution Time: 24-Aug-2016 05:59 (GMT)
Mubasher Last Update Time: 24-Aug-2016 05:59 (GMT)