Cairo – Mubasher: Pharaoh Tech for Control and Communication Systems posted on Thursday a net profit of 162,800 for fiscal year 2016, 76.8% down from EGP 701,500 for FY15.
Revenues declined in FY16 to EGP 3.6 million from EGP 5.7 million for FY15, according to a bourse filing.
The company’s board recommended to freeze cash dividends for the year ended on 31 December 2016.
