Cairo – Mubasher: Grand Investment Capital reported a 131% year-on-year growth in its consolidated profits during fiscal year ended 31 March on the back of increased revenues.
Net profits amounted to EGP 4.32 million from April 2018 to last March, compared to EGP 1.87 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Monday.
Year-on-year, consolidated revenues rose to EGP 18.55 million in the 12-month period ended 31 March from EGP 12.48 million.
As for standalone business, the company’s profits fell to EGP 3.43 million from April 2018 to last March, compared to EGP 3.71 million in the same period a year earlier.
During the period from April to December, the company posted a profit of EGP 4.8 million from EGP 1.3 million in the same period of 2017, including minority shareholders’ rights.
Revenues grew to EGP 17.3 million in the first nine months of the company’s fiscal year, compared to EGP 8.9 million in the corresponding period a year ago.
As for standalone business, the company reported a profit of EGP 3.7 million in the nine-month period ended 31 December, versus losses of about EGP 7,200 in the year-ago period.
