Cairo – Mubasher: International Company for Investment and Development (ICID) reported an 11% year-on-year drop in profits for the first half of 2017, according to a bourse filing on Sunday.

The Egyptian company achieved profits of EGP 1.78 million in H1-17, compared to EGP 2.01 million in H1-16.

Net revenues reached EGP 3.3 million in H1-17 from EGP 3.1 million in the same period last year.

ICID’s stock closed Thursday higher by 0.28% at EGP 10.69.