Cairo – Mubasher: Raya Holding for Financial Investment posted on Tuesday a rise of 205% in its consolidated net profit for the fourth quarter of fiscal year 2016 to EGP 53.73 million, versus EGP 17.61 million for Q4-15.
Consolidated net profits for FY16 increased 13.8% to EGP 118.1 million from EGP 103.8 million for FY15, according to a bourse filing.
Meanwhile, standalone profits for FY16 declined 7.3% to EGP 70.9 million, compared to EGP 76.5 million for FY15.
The company’s board recommended to distribute cash dividends of 25 piasters per share and bonus shares for the year ended on 31 December 2016.
