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El Orouba Brokerage turns profitable in Q4

El Orouba Brokerage turns profitable in Q4
The Egyptian Exchange (Photo credit: Mubasher)

Cairo – Mubasher: El Orouba Securities Brokerage Company’s unaudited financial statements for the fourth quarter of fiscal year 2016 showed a net profit of EGP 799,000, compared to a net loss worth EGP 3.192 million for Q4-15.

The company trimmed its losses for 2016 to EGP 401,700 from EGP 4.207 million for fiscal year 2015, according to a bourse filing.

Foreign exchange earnings amounted to EGP 1.282 million in 2016, another statement said.

The company’s stock was last traded at EGP 0.55.