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Egyptian Modern Education profits slide 36% in FY15/16

Egyptian Modern Education profits slide 36% in FY15/16
Photo Credit: Reuters

Cairo – Mubasher: Egyptian Modern Education Systems saw a slide of 36% in its profits for the fiscal year 205/16 (FY15/16), according to a bourse filing.

The company's FY15/16 earnings reached EGP 2.56 million, compared with EGP 4 million a year earlier.

In the first nine months, net earnings fell by 11.6% year – over –year to EGP 4.27 million from EGP 4.83 million.