Cairo – Mubasher: The International Company for Investment and Development (ICID) reported on Monday a net profit of EGP 685,000 for the fourth quarter of fiscal year 2016, compared to net losses of EGP 691,000 for Q4-15.

Profits for 2016 grew 282% to EGP 2.42 million from EGP 859,000 for 2015; revenues increased 176% to EGP 4.6 million from EGP 2.6 million.

The value of projects under construction reached EGP 30.4 million in 2016, versus EGP 25.8 million in 2015.

By 11:29am Cairo time, the stock stood at EGP 11.29.