Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) reported a 25.8% year-on-year growth in its standalone profits during the first quarter of 2019.

The Cairo-based firm logged EGP 5.21 million in net profits in the January-March period of 2019, compared to EGP 4.14 million in the same period a year earlier, according to a statement to the Egyptian Exchange (EGX) on Monday.

Sales surged to EGP 157.69 million in Q1-19 from EGP 119.14 million in the year-ago period.

For the full-year 2018, the company’s profits amounted to EGP 114.7 million, compared to EGP 152.16 million in the prior year, including minority shareholders’ rights.