Cairo – Mubasher: Pioneers Holding posted a decline of 99.4% in net profits for the fourth quarter of 2015.
The company’s profits stood at EGP 518,900 in Q4-FY15, down from EGP 86.2 million a year earlier.
In the same vein, the firm reported net profits of EGP 802.35 million for 2015, up 73% from EGP 463.49 million in the previous year.
The company reported earlier, net profits of EGP 801.8 million for the first nine months of 2015, compared with EGP 377.3 million for the similar period of the preceding year.
