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Bitumode swings to profit in H1-14, makes EGP558 THD

Bitumode swings to profit in H1-14, makes EGP558 THD
Bitumode
WATP
0.00% 3.91 0.00
Modern Waterproofing Co. (Bitumode) reported consolidated financial statements for H1-14, which showed EGP 558.4 thousand net profit, against EGP 868.8 thousand net loss logged in the same period a year earlier.
Meanwhile, standalone financial statements mirrored EGP 2.7 million net profit, with a drop by 41% compared with EGP 4.6 million net profit in H1-13.
The company had posted EGP 2.7 million standalone net profit for H1-14, with a decline by 41% compared with EGP 4.6 million net profit in the same period a year earlier.
It had reported EGP 1.92 million consolidated net profit for Q1-14, against EGP 1.324 million net loss in the same period a year earlier. Meanwhile, standalone net profit reached EGP 1.158 million, compared with EGP 1.795 million net profit in Q1-13. FY13 consolidated net profit had reached EGP 753.4 thousand net profit, against EGP 1.1 million net loss in FY12. The company operates with paid-in capital of EGP 102 million, divided into 102 million shares at EGP 1 par value each.