Cairo – Mubasher: International Company for Leasing (Incolease) reported an increase of 17.94% in net profits for the second quarter of 2016.

Incolease posted net profits of EGP 20.64 million ($2.32 million) in Q2-2016, compared with EGP 17.5 million ($1.97 million) for the same period of the previous year.

As for the first half of 2016, the company’s profits grow by 13.52% to EGP 36.3 million , up from EGP 31.96 million a year earlier.

Incolease saw net profits of EGP 15.64 million ($1.76 million) in Q1- 2016, compared with EGP 14.45 million ($1.63 million) for the similar period of 2015.