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Ajwa half- year profits jump 760%

Ajwa half- year profits jump 760%
Photo Credit: Arabianeye - Reuters
Ajwa
AJWA
-3.94% 41.96 -1.72

Cairo-Mubasher: Ajwa Group for Food Industries' net profits climbed 760% to EGP 6.66 million in the first half of 2015, up from EGP 774,800 for the comparable period in the previous year.

Meanwhile, the company reported unconsolidated losses of EGP 7 million in H1-2015, against EGP 3 million in profits for the same period of 2014.

Ajwa is capitalised at EGP 200.95 million, distributed across 100.5 million shares at EGP 2 par value each.