Consolidated net profit reached EGP 8.26 million ($928,000) in Q1-16 (Photo credit: Arabianeye - Reuters)
International Co for Investment & Development
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Cairo – Mubasher: International Company for Investment and Development’s profits rose in the first quarter of fiscal 2016 by 93% year-on-year.
Consolidated net profit reached EGP 8.26 million ($928,000) in Q1-16, versus EGP 2.1 million ($480,400) in Q1-15, according to a bourse filing released on Monday.
Standalone profits decreased to EGP 691,000 by the end of March 2016, compared to EGP 2 million in the same period of 2015.
The company invited shareholders to attend the extraordinary general meeting (EGM) on 9 June to discuss amendments to the statute to add two independent members in the board of directors.
Source:
Mubasher