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Incolease Q1 profits rise 8%

Incolease Q1 profits rise 8%
Photo Credit: Reuters
Incolease
ICLE
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Cairo – Mubasher: International Company for Leasing (Incolease) posted that its profits for FY16 first quarter rose 8.16% year-over-year, according to a bourse filing.

Its Earnings went up to EGP15.64 million ($1.76 million) from EGP14.45 million ($1.63 million).

In 2015, the company registered a net profit after tax of EGP66.8 million, compared to EGP62.2 million a year earlier.