Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) on Tuesday reported a 32% year-on-year decline in consolidated profits for the first nine months of 2018.
Net profit stood at EGP 88.2 million in the nine-month period ended September, versus EGP 129.8 million in the prior-year period, the company said in a filing to the Egyptian Exchange (EGX).
Revenues rose to EGP 1.08 billion at the end of September from EGP 962.2 million in the corresponding nine-month period of 2017.
It is worth noting that EFIC generated a net profit of EG 31.2 million in the first half of 2018, versus EGP 60.5 million in H1-17.
