Cairo – Mubasher: Pharaoh Tech for Control and Communication Systems Company’s earnings shrank in the first quarter of fiscal 2016 by 71.9% year-on-year.

Net profit reached EGP 62,100 in Q1-16, versus EGP 220,600 in Q1-15, according to a bourse statement released on Wednesday.

The company earlier reported a net profit of EGP 725,000 in 2015, 34% down from EGP 1.09 million in 2014.