Cairo – Mubasher: National Company for Housing for Professional Syndicates posted on Thursday a net profit of EGP 3.27 million for the fourth quarter of fiscal year 2016, compared to a net loss of EGP 2.1 million for Q4-15.

Net profit for FY16 amounted to EGP 238,120 in FY16, against a net loss of EGP 9.09 million for FY15, according to a bourse filing.

Revenues for FY16 increased to EGP 12.4 million from EGP 3.4 million for FY15.

The company’s ordinary general meeting (OGM) will discuss and adopt the financial stataments for FY16 on 11 April.