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Suez Bags H1 profits down 44%

Suez Bags H1 profits down 44%
EGP 8.14 million profits recorded in H1
Suez Bags
SBAG
-97.73% 0.50 -21.50

Cairo – Mubasher: Suez Bags’ earnings fell in the first six months of the fiscal year 2016 by 44.2% year-over-year.

The company registered EGP 8.14 million profits ($911,500), compared with EGP 14.6 million ($1.6 million) for the year-ago period.

In the first quarter of the same fiscal year, the company’s earnings declined 8% to EGP 6.29 million.