Cairo – Mubasher: Arafa for Investment and Consultancies’ consolidated profits fell 21.8% during the period between 1 May and 30 July 2016, according to a bourse filing.

The company’s net profits reached $1.79 million in the second quarter of 2016 compared to $2.29 million during the same period of the previous year.

On the six-month level, Arafa’s net profits grew 2.99% to $3.55 million in H1-16 compared to $3.45 million in H1-15.

According to standalone results, the investment company gained $1.69 million in Q2-16 compared to $496,230 registered during May – July 2015.