Cairo – Mubasher: Reacap Financial Investments Company’s profits decreased in the first quarter of fiscal 2016 by 76.3% year-on-year.
Net profit reached EGP 3.4 million ($382,000) in Q1-15, versus EGP 14.33 million ($1.6 million) in Q1-15, according to a bourse filing.
Worth noting, Naeem Holding owns a stake of 47% in Reacap’s capital.
