Cairo – Mubasher: Pioneers Holding Company for Financial Investment’s consolidated net profit for the first quarter of fiscal year 2017 declined 10% to EGP 318.88 million, versus EGP 354.46 million for Q1-16.
Consolidated revenues decreased in Q1-17 to EGP 2.04 billion from EGP 2.39 billion for Q1-16, according to a bourse filing released on Tuesday.
Financing expenses increased in Q1-17 to EGP 105.5 million from EGP 49.68 million in Q1-16.
General and administrative expenses reached EGP 132.7 million in Q1-17, 18% up from EGP 112.4 million in Q1-16.
Standalone net profit grew 41% in Q1-17 to EGP 73.8 million, versus EGP 52.4 million for Q1-16.
