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Delta for Construction posts 15% fall in Q1 profit

Delta for Construction posts 15% fall in Q1 profit
Net profit reached EGP 4.57 million ($515,920) in Q1-16 (Photo credit: Arabianeye - Reuters)

Cairo – Mubasher: Delta for Construction and Rebuilding Company’s earnings declined in the first quarter of fiscal 2016 by 15% year-on-year.

Net profit reached EGP 4.57 million ($515,920) in Q1-16, versus EGP 5.39 million ($607.370) in Q1-15, according to a bourse statement released on Tuesday.

The company earlier reported a net profit of EGP 11.5 million in 2015, compared to EGP 4.3 million in 2014.