Cairo – Mubasher: Modern Shorouk Printing and Packaging's profits hiked 127.6% year-on-year in the first nine months of 2016, according to a bourse filing.

The company earned EGP 19.87 million in aforementioned period, compared to EGP 8.7 million for the year-ago period

Sales reached EGP 284.9 million in the nine-month period of 2016 from EGP 251.4 million in the same period of 2015.

Its standalone profits grew 68.64% year-over-year to EGP 9.19 million in the nine months from EGP 5.45 million.