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El Wadi Touristic 9M profit jumps 34% y/y

El Wadi Touristic 9M profit jumps 34% y/y
Photo Credit: Arabianeye-Reuters
El Wadi International
ELWA
-2.70% 1.08 -0.03

Cairo-Mubasher: El Wadi for Touristic Investment posted on Sunday a rise by 34% in net profits for the first nine months of 2014.

The EGX-listed company made EGP 18.1 million ($2.4 million) net profit, compared with EGP 13.5 million ($1.8 million) in the year-earlier period.

Financial results for the first half of 2014 showed 40% increase in net profit to EGP 16.1 million, compared with EGP 11.5 million in the same period a year earlier.