Cairo – Mubasher: Al Ezz for Ceramics and Porcelain’s (GEMMA) profits for the first quarter of fiscal year 2017 rose 291% year-on-year.

Net profit amounted to EGP 36.79 million in Q1-17, compared to EGP 9.4 million for Q1-16, according to a bourse filing released on Sunday.

Sales increased in Q1-17 to EGP 268.11 million from EGP 166.69 million for Q1-16.

By 11:17 am Cairo time, the stock fell 0.13% to EGP 7.5.