Cairo - Mubasher: International Company for Medical Industries Company’s (ICMI) profits rose in the first quarter of fiscal 2016 by 29.56% year-on-year.

Net profit came to EGP 101,600 ($11,460) in Q1-16, compared to EGP 78,430 ($8,850) in Q1-15, according to a bourse filing released on Sunday.

The company earlier posted a net profit of EGP 340,840 in FY15, falling 28% from EGP 265,900 in FY14.