Cairo – Mubasher: Delta for Printing and Packaging Company posted on Monday a net profit of EGP 1.7 million ($191,000) in the first quarter of the fiscal year 2016, declining EGP 1,900 ($2,139) compared to the first quarter of fiscal 2015.

Gross profit rose 1.87% to EGP 4.4 million ($495,423) in Q1-16 due to the growth in sales by 4.5% to EGP 22.9 million ($2.58 million).

The company earlier reported a net profit of EGP 5.5 million in 2015, 46.57% up from EGP 10.29 million in 2014.