Cairo – Mubasher: Pioneers Holding Company for Financial Investment reported a 75.3% decline in its profits for the third quarter after earning EGP 151.2 million, compared with EGP 265 million for the year-ago period, according to a bourse filing on Sunday.
Over the first nine months, consolidated profits rose 6.3% year-over year to EGP 855.8 million from EGP 801.8 million.
Likewise, standalone profits for the nine-month period surged 420.6% to EGP 116 million from EGP 22.3 million for the year-ago period.
The stock quote fell 2.3% to EGP 11.38 by 10:10 CLT on Sunday.
