Cairo – Mubasher: Real Estate Egyptian Consortium posted an increase of 22.5% in net profits for the fiscal year ended 31 December 2015.
The company saw net profits of EGP 12.3 million in 2015, up from EGP 10.1 million in the previous year.
On other hand, the company’s board proposed to defer the dividends of FY2015 to the next year, after deducting 5% to support the legal reserves.
The company posted earlier, an increase of 17% in net profits for the first nine months of 2015, as it reached EGP 10.4 million compared with EGP 8.9 million a year earlier.
