Cairo – Mubasher: Sarwa Capital Holding for Financial Investments on Monday reported a 57.5% year-on-year rise in consolidated profits for the first nine months of 2018.
Net profit stood at EGP 263.3 million in the period between January and September, versus EGP 167.1 million in the prior-year period, including minority shareholders’ rights, the company said in a filing to the Egyptian Exchange (EGX).
Revenues surged to EGP 2.003 billion at the end of September, versus EGP 1.752 billion in the corresponding period of 2017.
At the level of standalone business, the company logged EGP 20.8 million in profits in the nine-month period, against a net loss of EGP 1.2 million in the year-ago period.
