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Zahraa Maadi 9M profit jumps 14% to EGP80.3m

Zahraa Maadi 9M profit jumps 14% to EGP80.3m
Zahraa Maadi
ZMID
-2.92% 6.64 -0.20

The board of Zahraa Maadi Investment and Development endorsed on Wednesday the unaudited financial results for the nine-month period that ended on September 30, 2014.

These results showed EGP 80.3 million net profit after tax, with a rise by 14% from EGP 70.4 million net profit in the same period a year earlier.

Financial indicators for the six-month period that ended on June 30, 2014 had reflected that the company posted 22% growth in net profit to EGP 63.5 million, compared with EGP 52 million in the same period a year earlier.
Q1 profit had netted EGP 30.4 million, compared with EGP 29.1 million in Q1-13.
The company had posted EGP 112.36 million net profit in FY13, compared with EGP 111.61 million net profit a year earlier.