Cairo – Mubasher: Industrial Engineering Company for Construction and Development’s (ICON) profits for the first quarter of fiscal year 2017 increased by 116.5% to EGP 28.95 million, compared to EGP 13.37 million for Q1-16.

Revenues for Q1-17 grew to EGP 155.14 million from EGP 78.28 million for Q1-16, according to a bourse filing released on Tuesday.

The stock fell on Monday by 0.78% to EGP 8.9.