Cairo – Mubasher: El Wadi for Touristic Investment's profits rose 27% year-on-year in the third quarter of 2016, according to a bourse filing on Wednesday.

The company earned EGP 1.64 million in Q3, compared with EGP 1.29 million for the year-ago period.

In the first nine months, net profits increased 8.7% to EGP 10.12 million from EGP 9.31 million in the same period of the previous year.

Revenues reached EGP 8.5 million in the nine-month period of the year, compared to EGP 12.2 million in the prior-year period.

By 1.11pm Cairo time, the stock went up 1.55% to EGP 7.86.