Cairo – Mubasher: El Wadi for Touristic Investment said its profits for the first quarter of 2016 rose 145% year-over-year to EGP 6.85 million from EGP 2.8 million.
During 2015, the company earned EGP 10.17 million, compared with EGP 17.18 million a year earlier.
Earlier, the extraordinary general meeting agreed to change the company’s name into El Wadi International for Touristic Investment, expanding as well the scope of business activities to include real estate investments, hotel construction, and the build-up of an integrated hospital.
