Cairo – Mubasher: Arab Moltaqa Investment on Monday posted a net profit of EGP 36.06 million for the first nine months of 2018, versus EGP 34.9 million in the year-ago period.

Revenue grew to EGP 629.7 million during the nine-month period September, from EGP 540.9 million in the prior-year period, the company said in a filing to the Egyptian Exchange (EGX).

As for the standalone business, profits stood at EGP 42.7 million in the January-September period of this year, compared to EGP 39 million in the corresponding period of 2017.

Arab Moltaqa Investment previously posted a 6% year-on-year increase in profits for the first half of 2018. 

Net profit amounted to EGP 25.18 million in H1-18, compared to EGP 23.7 million in H1-17.

Revenues recorded EGP 405.2 million during the six-month period ended 30 June, from EGP 346 million in the same period of the prior year.