Cairo - Mubasher: Reacap Financial Investments reported a decline in total profits in the fourth quarter of 2016 by 91.19% year-on-year.
Profits reached EGP 9.14 million in the three-month period that ended on 31 December 2016, compared to EGP 103.82 million in the same period the year before.
Net annual profits also dropped 86.5% to EGP 14.18 million down from EGP 104.23 million in 2015, according to the company’s statement to the Egyptian Exchange (EGX).
The company will hold its ordinary general meeting (OGM) on 19 March to approve the budget and the financial statement of 2016.
