Cairo – Mubasher: Prime Holding’s unaudited consolidated financial statements for the fourth quarter of fiscal year 2016 showed a net profit of EGP 23.1 million, against a net loss of EGP 1.76 million for Q4-15.
Consolidated profits for fiscal year 2016 reached EGP 25.86 million, compared to losses worth EGP 1.4 million for FY16.
Standalone profits amounted to EGP 24.28 million in FY16, versus losses of EGP 12.67 million in FY15, according to a bourse filing.
Consolidated foreign exchange earnings reached EGP 30.6 million, while standalone foreign exchange profits stood at EGP 11.7 million.
The company’s board agreed to distribute cash dividends of EGP 0.12 per share for the year, totalling EGP 8.74 million.
