Cairo – Mubasher: Pioneers Holding Company for Financial Investment on Monday posted a 73.3% year-on-year hike in profits for the second quarter of 2017 due to higher revenues.
The firm achieved profits of EGP 32.4 million in the three months ended June 2017 from EGP 18.7 million in the corresponding period of 2016, according to a filing to the Egyptian Exchange (EGX).
Activity revenues grew to EGP 1.56 billion in Q2-17 from EGP 1.14 billion in Q2-16.
In the first half of 2017, profits rose to EGP 106.2 million, compared to profits of EGP 71.07 million in H1-16.
Standalone profits increased by 41% to EGP 73.8 million in the period between January and March 2017, compared to profits of EGP 52.4 million in the prior-year period.
