Cairo – Mubasher: Univert Food Industries Company’s profit rose in the first quarter of fiscal 2016 by 62.5% year-on-year.
Net profit reached EGP 836,450 ($94,400) in Q1-16, versus EGP 514,690 ($58,100) in Q1-15, according to a statement released on Sunday.
The growth in profit resulted from the increase in sales by 95% to EGP 9.4 million ($1.06 million) by the end of March 2016, against EGP 4.8 million ($540,543) in the same period of 2015.
