Cairo – Mubasher: International Company for Investment and Development’s (ICID) profits for fiscal year 2016 rose 360.7% to EGP 12.9 million, compared to EGP 2.8 million for FY15, according to a bourse statement released on Wednesday.
Standalone profits increased by 182% to EGP 2.42 million in FY16 from EGP 859,000 for FY15.
The financial results for the year ended on 31 December 2016 were not affected by the flotation of the Egyptian pound, another statement said.
