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Winvest posts 9% fall in FY13/14 profit to EGP6.3 mln

Winvest posts 9% fall in FY13/14 profit to EGP6.3 mln
The board of Winvest Capital Development and Investment endorsed financial statements for the fiscal year that ended on June 30, 2014.
These statements showed 9% fall in net profit to EGP 6.3 million, compared with EGP 6.9 million a year earlier.
Financial statements for the first nine months of FY13/14 had shown that net profits declined by 27% to EGP 5 million, compared with EGP 6.9 million in the same period a year earlier. The company operates with issued and paid-in capital of EGP 52 million, divided into 52 million shares at EGP 1 par value each.