Cairo – Mubasher: The Sixth of October for Development and Investment Company (SODIC) said Tuesday that its consolidated profits for the fourth quarter of 2016 grew 96.84% to EGP 174.8 million from EGP 88.8 million for Q4-15.
Consolidated profits for fiscal year 2016 amounted to EGP 441.33 million, 37.34% up from EGP 321.33 million for FY15.
Standalone profits rose 4.39% in 2016 to EGP 222.56 million, versus EGP 213.2 million in 2015, according to a bourse statement.
Revenues increased in 2016 by 40.13% to EGP 2.1 billion from EGP 1.47 billion in 2015.
The company’s board decided not to distribute cash dividends for the year which ended on 31 December 2016.
The stock was last traded at EGP 12.22.
