Cairo – Mubasher: Arab Real Estate Investment Co. (ALICO) reported a decrease of 27% in net profits for the first half of 2015, as it reached EGP 4.9 million down from EGP 6.7 million for the same period of 2014.
ALICO's net profits surged 60.1% to EGP 1.3 million in the first quarter of 2015.
The firm is capitalised at EGP 246.4 million, distributed across 246.4 million shares at EGP 1 par value each.
