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Pioneers 9-month profits jump 112.5%

Pioneers 9-month profits jump 112.5%
Pioneers Holding
Aspire Capital
ASPI
-1.84% 0.37 -0.01

Cairo - Mubasher: Pioneers Holding Company for Financial Investment posted an increase of 112.5% in net profits for the first nine months of 2015, according to a bourse filing.

The company’s net profits rose to EGP 801.8 million, up from EGP 377.3 million in the same period a year earlier.

Meanwhile, the company's revenues grew to EGP 4 million in this nine-month period, from EGP 1.81 million for the same period of 2014.

Earlier, Pioneers reported profits of EGP 564.4 million in the first half of 2015, up from EGP 217.9 million for the same period of the previous year.