Cairo – Mubasher: Suez Bags Company reported a decline of 24% in net profits for the third quarter of 2016.

The company posted net profits of EGP 3.9 million for Q3-2016, down from EGP 5.16 million a year earlier.

As for the first nine months of 2016, the company posted net profits of EGP 12 million, down from EGP 19.76 million for the comparable period of the previous year.