Cairo - Mubasher: Delta for Printing and Packaging posted a decline of 53.3% to EGP 4.7 million in net profits for the nine-month period ended September 2015, according to its recent financial indicators.

The company saw net profits of EGP 10 million for the similar period of the preceding year.

Meanwhile, the company saw revenues of EGP 69.6 million for this period of 2015, down from EGP 74.1 million for the same period a year earlier.

The company attributed earnings decline to the increase of the production cost as well as the high cost of foreign exchange.

The firm's net profits slipped 43.35% to EGP 3.8 million for the first half of 2015, compared with EGP 6.7 million for the comparable period in the previous year.