Cairo – Mubasher: The profits of Zahraa Maadi Investment and Development advanced 26.4% year-on-year during the first nine-month period of 2019, the financial indicators revealed.
The profits surged to EGP 110.2 million during the January- September 2019 period, compared to EGP 87.17 million a year earlier, according to a bourse filing on Tuesday.
The firm ascribed the rise in profits to higher sales and lower financing expenses.
As regards the first half of 2019, Zahraa Maadi registered profits worth EGP 58.7 million when compared to EGP 56.3 million in H1-18.
