Cairo – Mubasher: El Obour Real Estate Investment turned into profits during the first half of 2016, a bourse statement revealed.

The company earned EGP 321,000 in the first half, compared with a net loss of EGP 2.2 million for the year-ago period.

In the first quarter, net profit fell 15.18% year-on-year to EGP 425,300.