Cairo-Mubasher: Egyptian Financial and Industrial’s (EFIC) standalone profits increased 97% in the first quarter of 2016 as compared to the same period in 2015, according to a bourse statement.

Net profits after taxes grew to EGP 12.12 million ($1.36 million) in Q1-16, from EGP 6.16 million ($695,500) in Q1-15.