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Arab Moltaqa Q3 profits rise 63%

Arab Moltaqa Q3 profits rise 63%
Net profits for the first nine months declined 60.5% - - Photo Credit: Reuters

Cairo – Mubasher: Arab Moltaqa Investments earned EGP 2.64 million during the third quarter of 2016, higher 63% year-over-year from EGP 1.62 million.

Net profits for the first nine months declined 60.5% year-on-year to EGP 29.99 million from EGP 76.07 million.

Over the first six months, the company registered EGP 27.36 million, down 63% compared to the year-ago period.

The stock was placed at EGP 11.65 on Tuesday with a 1.27% slide.