Cairo – Mubasher: Al Ahli Development and Investment Company’s consolidated profit rose in the first quarter of fiscal 2016 by 150.7% year-on-year.

Consolidated net profit reached EGP 5.34 million in Q1-16, versus EGP 2.13 million in Q1-15, according to a bourse statement released on Monday.

Standalone profits, however, declined 23.7% to EGP 3.22 million in the first three months of 2016, compared to EGP 4.22 million in the same period of 2015.

The company earlier posted a consolidated net profit of EGP 3.4 million in 2015.