Cairo – Mubasher: Egypt Free Shops’ profits rose 33.8% year-on-year in the third quarter of fiscal year 2016/2017, according to the company’s standalone financial statements.

Profits reached EGP 23.22 million in the three-month period ended 31 March 2017, compared to EGP 17.35 million in the same period a year earlier.

The company posted profits of EGP 83.7 million in the nine-month period ended 31 March 2017, up 80% from EGP 46.59 million in the same period of 2016.

Profits reached EGP 61.23 million in the first half from July 2016 to December 2017, compared to EGP 29.67 million in the same period of the fiscal year 2016/2017, according to the company’s consolidated financial statements.