Cairo – Mubasher: Arab Real Estate Investment Company (ALICO) said Sunday that its profits rose in the first quarter of fiscal 2016 by 138.9% year-on-year.
Net profit reached EGP 3.2 million ($359,000) in Q1-16, compared to EGP 1.33 million ($150,300_ in Q1-15, according to a bourse statement.
ALICO earlier posted a net profit of EGP 3.8 million in the fiscal year 2015.
