Cairo – Mubasher: International Company for Investment and Development (ICID) has reported a 3472 year-on-year profit hike during the first quarter of 2019.

The company’s after-tax profit surged to EGP 576,970 in Q1-19 versus EGP 16,150 in the year-ago period, according to a bourse statement released on Wednesday.

Revenue went up to EGP 1.5 million in the three-month period ended 31 March, compared to 576,150 in the year before.

In 2018, ICID’s net profit declined to EGP 1.05 million from EGP 1.7 million in 2017.