Cairo – Mubasher: Arab Engineering Industries on Sunday posted a year-on-year rise of 229% in its net profit for the first quarter of fiscal year 2017.

Net profit for Q1-17 amounted to EGP 2.93 million, versus EGP 891,100 for Q1-16, according to a bourse filing.

Sales increased in Q1-17 to EGP 17.4 million from EGP 7.3 million in Q1-16.