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Arab Moltaqa Q1 profits leap 65.5%

Arab Moltaqa Q1 profits leap 65.5%
Profits up 65.5% in Q1 - (Photo Credit: Arabianeye - Reuters)

Cairo – Mubasher: Arab Moltaqa Investments said its profits jumped to EGP26.69 million ($3 million) in the first quarter of 2016, according the financial statements.

The company’s profit thus rose 65.5% year-over-year from EGP16.13 million.

In 2015, the company earned EGP87.27 million compared with EGP39.58 million a year earlier.