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Grand Investment Capital turns profitable in 6M

Grand Investment Capital turns profitable in 6M
Grand Investment Capital turns profitable in 6M
Grand Investment Capital
GRCA
-2.42% 30.20 -0.75

Cairo – Mubasher: Grand Investment Capital said it turned to profitability at the six – month period from April to September 2016.

The company posted net profits of EGP 876,264 for this six-month period, against losses of EGP 2.962 million for the same period of the previous year.

The company’s revenues declined by 10.81% during this nine  - month period reaching EGP 3.53 million compared with EGP 3.95 million a year earlier.