Cairo – Mubasher: Al Ezz for Ceramics and Porcelain Company’s (GEMMA) profits rose in the first quarter of fiscal 2016 by 4% year-on-year.

Net profit reached EGP 9.4 million ($1.06 million) in Q1-16, versus EGP 9 million ($1.02 million) in Q1-15, according to a bourse filing.

The company earlier reported a net profit of EGP 51.3 million for 2015, compared to EGP 22.6 million for 2014.