Cairo – Mubasher: Porto Group Holding’s consolidated profit for the first quarter of fiscal year 2017 amounted to EGP 78.37 million, rising 181.7% compared to EGP 27.82 million for Q1-16.
Revenues increased in the first three months of FY17 to EGP 426.11 million from EGP 191.33 million for the same period of FY16, according to a bourse filing released on Sunday.
Standalone losses for Q1-17 decreased to EGP 1.6 million from EGP 5.04 million for Q1-16.
By 10:20 am Cairo time, the stock stood at EGP 0.29.
