Cairo – Mubasher: Pioneers Holding for Financial Investment said, in a bourse filing Wednesday, its consolidated financial results for the first quarter of 2015 showed that net profits soared by 98% to EGP 241.42 million ($31.7 million), up from EGP 121.95 million ($16 million) in the same period a year earlier.
The company’s operating revenues amounted to EGP 1.33 billion, compared with EGP 540 million in Q1-14.
Meanwhile, Q1 standalone net profit reached nearly EGP 5.4 million, compared with EGP 16 million in the same period a year earlier.
The financial investment firm earlier posted a 29.4% rise in FY14 net profit to EGP 463.5 million.
