Cairo – Mubasher: International Company for Investment and Development’s (ICID) consolidated profits for the first quarter of fiscal year 2017 fell 87% to EGP 1.1 million, compared to EGP 8.26 million for Q1-16.
Revenues for Q1-17 shrank to EGP 1.1 million from EGP 1.35 million for Q1-16, according to a bourse filing released on Monday.
General and administrative expenses increased in Q1-17 to EGP 780,300 from EGP 583,000 in Q1-16.
Standalone profits reached EGP 1.43 million in Q1-17, versus EGP 691,080 for Q1-16.
