Cairo – Mubasher: Mena Touristic and Real Estate Investment posted an increase of 29.8% in net profits for the third quarter of 2016.
The company reported net profits of EGP 7.57 million for the Q3 – 2016, up from EGP 5.83 million a year earlier.
As for the nine - month period ended September 2016, the company profits declined to EGP 15.67 million compared with EGP 37.87 million a year earlier.
Earlier, the company reported net losses of EGP 3.4 million for the second quarter of 2016, while its profits for the first half of 2016 declined by 53.5% to EGP 37.2 million.
