Cairo – Mubasher: Sixth of October for Development and Investment’s (SODIC) consolidated net profit for the first quarter of fiscal year 2017 rose 287.8% to EGP 211.9 million, versus EGP 54.6 million for Q1-16.
Standalone net profit increased 274.6% to EGP 114.6 million, compared to EGP 30.6 million for Q1-16, according to a bourse filing released on Tuesday.
Sales reached EGP 703.5 billion in the first three months of FY17, rising 275.4% year-on-year or EGP 516.1 million.
Revenues for Q1-17 grew by EGP 498.2 million to EGP 666.8 billion.
