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Arab for Development Q1 profits decline 34%

Arab for Development Q1 profits decline 34%
Photo Credit: Reuters

Cairo – Mubasher: Arab for Development and Real Estate Investment said its profits for the first quarter of 2016 declined 34% year-over-year to EGP 998,390 from EGP 1.51 million, according to a bourse filing.

During 2015, its profits also fell 2% year-on-year to EGP 2.54 million from EGP 2.59 million.