Cairo - Mubasher: Egypt South Africa for Communication (Egysacom) posted on Tuesday a year-on-year rise in its net profit for fiscal year 2016.

The company’s unaudited financial statements for FY16 showed a net profit of EGP 571,140, compared to EGP 510,460 for FY15, a bourse filing said Tuesday.

Revenues for FY16 declined 7% to EGP 11.18 million from EGP 11.99 million for FY15.