Cairo – Mubasher: The standalone financial statements of Egypt Free Shops showed a slight increase in net profits to EGP 111.45 million in the first nine months of fiscal year 2019/2020 from EGP 110.44 million.

The company’s revenues rose to EGP 613.12 million in the nine-month period ended on 31 March from EGP 570.79 million in the year-ago period, according to a bourse disclosure on Monday.

It is worth mentioning that during the first half of FY19/20, Egypt Free Shops achieved net profits of EGP 72.64 million, slightly down from EGP 72.9 million in the corresponding period in 2018.