Modern Waterproofing turns to profitability in FY16

Cairo – Mubasher: Modern Waterproofing’s consolidated financial statements for fiscal year 2016 showed a net profit of EGP 5.2 million, against losses worth EGP 87.17 million in FY15, according to a bourse filing released on Thursday.

Standalone profits amounted to EGP 9.7 million, versus standalone losses of EGP 84.9 million.

Foreign exchange earnings reached EGP 10.59 million, another statement said.

Mubasher Contribution Time: 13-Apr-2017 11:49 (GMT)
Mubasher Last Update Time: 13-Apr-2017 11:53 (GMT)