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Unipack profits down 18% in Q3

Unipack profits down 18% in Q3
Net profits for the first nine months rose 11% - Photo Credit: Company's Website
Unipack
UNIP
2.56% 0.28 0.01

Cairo – Mubasher: Universal for Paper and Packaging Materials Company (Unipack) earned EGP 1.99 million in the third quarter of 2016, lower 18% year-on-year from EGP 2.43 million, according to a bourse filing on Thursday.

Net profits for the first nine months rose 11% year-on-year to EGP 5.17 million from EGP 4.67 million.

The stock quote rose 2.66% to EGP 7.33 by 11:23am Cairo time on Thursday.