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Dice turns profitable in 2017

Dice turns profitable in 2017
Profits amounted to EGP 178.4 million in 2017
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Cairo – Mubasher: Dice Sport and Casual Wear’s financial results on Sunday showed an increase in the company’s profits for the full-year 2017.

Profits amounted to EGP 178.4 million during the year ended 31 December against losses worth EGP 137.6 million in 2016, according to the company’s statement to the Egyptian Exchange (EGX).  

Dice’s revenues hiked 72% to EGP 1.2 billion last year, compared to EGP 721.6 million in the prior year.

During the first nine months of 2017, profits reached EGP 131.3 million versus a loss of EGP 1.13 million for the same period the previous year.