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Bitumode’s non-consolidated profit hits EGP 32.8m in H1-19

Bitumode’s non-consolidated profit hits EGP 32.8m in H1-19
Net sales surged to EGP 215.3m in 6M
Bitumode
WATP
0.00% 3.91 0.00

Cairo – Mubasher: Modern Waterproofing’s (Bitumode) non-consolidated financial statements for the first six months of 2019 showed a 214% year-on-year profit hike, recording EGP 32.82 million.

The company’s net sales surged to EGP 215.35 million in H1-19, compared to EGP 174.28 million in the year-ago period, according to a bourse statement.

In the first quarter of 2019, Bitumode reported a net profit of EGP 19.49 million, against EGP 5.77 million in Q1-18.