Cairo – Mubasher: Al Ezz for Ceramics and Porcelain (GEMMA) said Tuesday that its profits for the fourth quarter of fiscal year 2016 grew 29.4% to EGP 15.87 million, compared to EGP 12.26 million for Q4-15.

Profits for FY16 amounted to EGP 35.84 million, 25% up from EGP 28.76 million for FY15, according to a bourse filing.

Revenues increased in FY16 to EGP 724.68 million form EGP 600.7 million for FY15.

Foreign exchange losses reached EGP 29.5 million in 2016.