Cairo – Mubasher: El Wadi for Touristic Investment reported a 30.98% year-on-year profit growth during the first half of 2019.
Net profits amounted to EGP 44.84 million in the January-June period of 2019, compared to EGP 34.23 million in the corresponding period a year earlier, the company said in a filing to the Egyptian Exchange (EGX) on Wednesday.
Total activity’s profit hiked by 60.59% to EGP 4.75 million in H1-19 from EGP 2.96 million in H1-18.
It is noteworthy that during the first quarter of 2019, the company logged a net profit of EGP 44.21 million, compared to EGP 34.55 million in the year-ago period.
