Cairo - Mubasher: Suez Bags reported a surge in profits by 222.2% year-on-year in the first half of the year, according to a bourse filing.

The company said in a statement to the Egyptian Exchange (EGX) on Sunday that profits reached around EGP 26.23 million in H1-17, compared to EGP 8.14 million for the six-month period that ended on 30 June 2016.

During that period, sales volumes increased to EGP 207.2 million up from EGP 123.96 million in the corresponding period of the year before.