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International Investment 9M profit falls 41%

International Investment 9M profit falls 41%
International Company for Investment and Development posted EGP 758.7 thousand net profit for the first nine months of FY14, representing a decline by 41% compared with EGP 1.84 million net profit reported in the same period a year earlier
The company had posted EGP 2.1 million consolidated net profit for H1-14, with a jump by 121.3% compared with EGP 955.6 thousand net profit in the same period a year earlier.
Standalone financial results for the same period mirrored EGP 1.072 million net profit, representing a fall by 51.4% compared with EGP 2.205 million net profit in H1-13.
Financial statements for Q1-FY14 showed EGP 4.4 million net profit with significant surge by a round 491% from EGP 751 thousands in the same period a year earlier.
The company posted consolidated net profit of EGP 5.373 million for FY13, with a fall by 18.5% compared with EGP 6.596 million net profits reported a year earlier.