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Egypt Free Shops’ profits slump to EGP 34m in Q1-19 standalone financials

Egypt Free Shops’ profits slump to EGP 34m in Q1-19 standalone financials
The profits amounted to EGP 34.07 million
Egypt Free Shops
MFSC
-1.47% 31.20 -0.46

Cairo – Mubasher: The standalone financial statements of Egypt Free Shops revealed a year-on-year marginal decline in profits during the first quarter of fiscal year 2019/2020.

Year-on-year, the profits amounted to EGP 34.07 million during the period from July to September 2019 when compared to EGP 35.46 million, the company disclosed on Sunday.

As for the consolidated financials, the firm logged profits worth EGP 117.01 million during FY18/19, compared to EGP 100.26 million in the corresponding period a year ago, including minority shareholders’ rights.