Cairo – Mubasher: Assiut Islamic Trading  (AITG) on Sunday reported a 33% year-on-year hike in net profits in 2017, encouraged by the growth of revenues.

AITG's net profits amounted to EGP 3.2 million last year, compared to EGP 2.4 million in 2016, according to the company’s statement to the Egyptian Exchange (EGX).

Moreover, the EGX- listed company’s revenues levelled up to EGP 5.1 million during 2017 from EGP 4.1 million a year earlier.

In the first nine months of 2017, the building materials distributor posted EGP 2.31 million in net profits, up from EGP 1.56 million for the similar period of 2016.