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Shorouk Printing earnings down 39% in FY14

Shorouk Printing earnings down 39% in FY14
Photo Credit: Arabianeye-Reuters

Cairo-Mubasher: Modern Shorouk Printing made EGP 11.2 million ($1.5 million) in consolidated net profits during the fiscal year 2014, falling 38.5% compared with EGP 18.2 million ($2.4 million) a year earlier.

The standalone net earnings reached EGP 15.4 million, compared with EGP 22.6 million in 2013.

The company operates with issued capital of EGP 119 million, divided into 11.9 million shares at EGP 10 par value each.