Cairo - Mubasher: Arab Real Estate Investment Co.(ALICO) posted a decline of 43.4% to EGP 6.3 million in the first - nine months of 2015, from EGP 11.16 million in the similar period of 2014.
ALICO's earnings plunged to EGP 4.9 million in the first half of 2015, down from EGP 6.7 a year earlier.
ALICO is capitalized at EGP 246.4 million, distributed across 246.4 million shares at EGP 1 par value each.
