Cairo – Mubasher: Prime Holding’s profits jumped 3,483.5% in the first quarter of 2016, said the company in a bourse filing.
The company earned EGP 2.46 million ($270,000), compared to EGP 68,500 ($8,000) for the year-ago quarter.
During the same period as well, Its standalone profits rose to EGP 1.1 million against a net loss of EGP 877400 for Q1-15.
In 2015, the company logged EGP 1.41 million losses, said the company, adding that it targets to earn EGP 10.8 million in 2016.
