Cairo – Mubasher: El Wadi for Touristic Investment reported a 68.9% decrease in the second quarter of 2016, according to a bourse filing on Wednesday.

The company earned EGP 1.6 million in Q2, compared with EGP 5.2 million for the year-ago period.

In the first six months, net profits rose 5.7% year-on-year to EGP 8.5 million from EGP 8.02 million.

By 11:34am Cairo time, the stock quote was placed at EGP 5.79 with a 0.52% decline.