Egypt Free Shops Co. posted non-consolidated financial results for the first half of 2014/2015, showing that net profit rose 27.7% to EGP 25.8 million, compared with EGP 20.2 million in the same period a year earlier.
Consolidated financial results for Q1-14/15 had shown that net profit soared 3507% to EGP 9.9 million, from EGP 275.1 thousand net profit in the same period a year earlier.
Non-consolidated net profit for the same period showed EGP 9.9 million net profit, compared with EGP 266.8 thousand net profit in the same period a year earlier.
The company had posted EGP 44.5 million consolidated net profit in FY13/14, representing a decline by 2.6% compared with EGP 45.7 million net profit reported in the year-ago period.
Photo Credit: Arabianeye-Reuters