Cairo - Mubasher: Egypt Free Shops revealed its standalone profits rose by 44.3% year-on-year during the first nine months of fiscal year 2018/2019 to EGP 110.44 million, versus EGP 76.53 million.

Revenues surged to EGP 570.79 million in the nine-month period ended in March, versus EGP 357.6 million in the corresponding period of FY17/18, the company added in a statement to the Egyptian Exchange (EGX) on Sunday.

It is worth noting that Egypt Free Shops previously posted EGP 72.89 million in net profits for the first half of FY18/19, versus EGP 47.03 million in H1-17/18, including minority shareholders’ rights.