Cairo – Mubasher: Arab Moltaqa Investments’ consolidated profits for the first quarter of fiscal year 2017 declined 33.8% to EGP 11.5 million, compared to EGP 17.38 million for Q1-16.

Consolidated revenues increased in Q1-17 to EGP 170.9 million from EGP 125.55 million for Q1-16, according to a bourse filing released on Sunday.

Expenses rose in the first three months of FY17 to EGP 141.9 million, versus EGP 103.2 million in the same period of FY16.

Standalone profits rose in Q1-17 to EGP 32.5 million from EGP 26.7 million for Q1-16.