Cairo – Mubasher: Delta for Construction and Rebuilding posted on Thursday a year-on-year decrease of 9.8% in its profits for the first quarter of fiscal year 2017.

Net profit reached EGP 4.12 million in Q1-17, compared to EGP 4.57 million for Q1-16, according to a bourse filing.

Revenues for Q1-17 declined to EGP 29.55 million from EGP 32.42 million for Q1-16.

The stock fell on Wednesday by 1.84% to EGP 5.86.