Cairo – Mubasher: The Egyptian Financial and Industrial company (EFIC) said it turned to profitability in the second quarter of 2016, as it reported net profits of EGP 3.45 million against losses of EGP 788,000 for the comparable period of the previous year.
As for the first half of 2016, the company saw net profits of EGP 15.57 million with a surge of 190% from EGP 5.37 it posted at the same period of 2015.
The firm also stated that its sales value grew to EGP 15.59 million in the first half of 2016, compared with EGP 17.5 million for the similar period a year earlier.
