Cairo – Mubasher: Egyptian Financial Supervisory Authority (EFSA) said it would file a lawsuit against Egypt- South Africa for Communication (Egysacom) due to its violation of the Egyptian accounting standards.

Egysacom reported earlier net profits of EGP 504.350 in the second quarter of 2016, up from EGP 52,640 a year earlier.

As for the first half of 2016, the company’s profits declined by 10.02% to EGP 291,020.