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Arab Valves profits decline 69% in Q3

Arab Valves profits decline 69% in Q3
Arab Valves profits decline 69% in Q3
Arab Valves
ARVA
3.87% 1.56 0.06

Cairo – Mubasher: Arab Valves posted a decline of 69% in net profits for the third quarter of 2016.

The company reported net profits of EGP 199,400 for the third quarter of 2016, down from EGP 639,000 a year earlier.

As for the first nine months of 2016, the company reported net profits of EGP 1.06 million up from EGP 3,350 a year earlier.