Cairo – Mubasher: North Africa Company for Real Estate Investment said its profits inched down 0.34% in the first quarter of 2016, according to a bourse filing.
The company earned EGP 751,880 compared to EGP 754,430 for the year-ago quarter.
Its total revenues declined 16.47% year-over-year to EGP 3.13 million. In addition, its expenditures fell 10.7% to EGP 2.29 million.
Over the fiscal year 2015, the company’s earnings grew to EGP 11.62 million, up 44.75% from EGP 8.03 million a year earlier.
