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Genial Tours' H1 profits down 41%

Genial Tours' H1 profits down 41%
The stock quote remained unchanged at EGP 3.18 on Monday - Photo Credit: Reuters
Genial Tours
GETO
-4.95% 2.22 -0.11

Cairo – Mubasher: Genial Tours' net profit for the first half of 2016 slipped 41.5% year-on-year to EGP 281,700 ($31,600) from EGP 481,300 ($54,000), according to a bourse filing on Tuesday.

The first six-month revenues stood at EGP 2.28 million, lower 16% from EGP 2.73 million for the year-ago period.

In the first quarter, the company earned EGP 190,000 compared to EGP 1465,000 for Q1-15.

The stock quote remained unchanged at EGP 3.18 on Monday with 7,600 shares changing hands at EGP 24,300.