Cairo – Mubasher: Pioneers Holding Company for Financial Investment reported a 8.7% rise in its net consolidated profits for the second quarter of 2016, according to a bourse filing on Thursday. 

The company earned EGP 350.17 million in the second quarter, compared with EGP 322.12 million for the year-ago period.

Over the first six months, net consolidated profits rose 25% year-over-year to EGP 704.6 million from EGP 564.4 million.

Meanwhile, its standalone net profits reached EGP 71 million, higher 997% from EGP 6.47 million for the prior-year period.

In the first quarter, the company registered EGP 354.5 million consolidated profits.

On Wednesday, the stock quote closed higher 1.17% to EGP 9.52 a share with 611,300 shares traded at EGP 5.8 million.