Cairo – Mubasher: Sharm Dreams for Touristic Investment Co. reported an increase of 58.6% in net profits for the third quarter of 2016.

The company posted net profits of EGP 4.6 million for Q3 – 2016, up from EGP 2.9 million for the similar period of the previous year.

As for the first nine months of 2016, the company suffered losses of EGP 42.2 million compared with EGP 3.6 million for the same period of the preceding year.