Cairo – Mubasher: International Company for Investment and Development reported an increase of 6% in net profits for the third quarter of 2016.

The company posted net profits of EGP 398,000 for Q3 – 2016, up from EGP 374,000 for the same period of the previous year.

As for the first nine months of 2016, the company reported net profits of EGP 7.023 million with an increase of 38% from EGP 5.072 million for the comparable period of the preceding year.

Earlier, the company posted net profits of EGP 1.6 million at the second quarter of 2016.