Cairo – Mubasher: Saudi Egyptian Investment and Finance reported a 5.6% decrease in its profits for the second quarter of 2016, according to a bourse filing.
The company registered a net profit of EGP 4.22 million ($474,650) in Q2, compared to EGP 4.47 million ($502,830) for the prior-year quarter.
Over the first six months, net profits shrank 89.7% year-on-year to EGP 9.25 million ($1.04 million) from EGP 90.13 million ($10.13 million).
In the first quarter, the company recorded EGP 5.03 million profits ($567,620) versus EGP 85.66 million ($9.7 million) for the year-ago period.
