Cairo – Mubasher: Modern Shorouk Printing and Packaging’s stock hiked to a 27-month high in accordance with the company’s increase in quarterly profits.

By 12:30 pm, the stock levelled up 10% to EGP 13.2 with a turnover of EGP 66,700.

The company had posted a 130.2% increase in sales to reach EGP 236.9 million during the first quarter of 2017, compared to EGP 102.88 million in the same quarter in 2016.

Net profits reached EGP 13.9 million in Q1-17, compared to EGP 9.7 million in Q1-16.