Cairo – Mubasher: The consolidated financial statements of Dice Sport and Casual Wear reported an 11.8% year-on-year profit growth during the first nine months of 2019.
Net profits increased to EGP 125.29 million during the January-September period, compared to EGP 112.06 million in the corresponding period a year earlier, including minority shareholders’ rights, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.
In the meantime, sales rose to EGP 1.139 billion in the nine-month period ended 30 September from EGP 1.03 billion in the prior-year period.
As for the third quarter of 2019, the company logged a net profit of EGP 52.28 million, up from EGP 28.02 million in Q3-18.
Previously, the company’s standalone financials for the January-September period showed a 107% profit hike to EGP 98.16 million, compared to EGP 47.4 million in the same period of 2018.
It is noteworthy that during the first half of 2019, Dice’s net profits fell to EGP 73 million, compared to EGP 84 million in H1-18.