Cairo – Mubasher: Egypt Free Shops said Sunday that its net profit for the first quarter of 2016/17 declined 18.3% year-on-year to EGP 11.4 million from EGP 13.99 million, according to a bourse filing.
The company's fiscal year starts on the first of July annually.
In the fiscal year 2015/16, net profit grew 14% year-on-year to EGP 61.24 million.
