Cairo – Mubasher: Porto Group Holding Company’s consolidated financial statements showed a net profit of EGP 117.54 million for the fiscal year 2016.
Consolidated net profit for the period from 30 August 2015 to 31 December 2015 amounted to EGP 37.25 million.
The company’s board recommended distributing 1-for-10 bonus shares, according to a bourse statement.
Standalone profits declined 58.9% to EGP 39.74 million from EGP 96.9 million for the corresponding period.
Total sales reached EGP 2.3 billion, 15% up from EGP 2 billion in the previous year.
