Cairo – Mubasher: Arab Moltaqa Investments Company’s unaudited consolidated financial statements showed a 336.8% surge in the company’s net profit for the fourth quarter of fiscal year 2016 to EGP 22.8 million, versus EGP 5.22 million for Q4-15.
Consolidated net profits for FY16 declined 36.6% to EGP 55.3 million from EGP 87.27 million for 2015, according to a bourse filing.
Consolidated revenues amounted to EGP 534.14 million in 2016, compared to EGP 527.6 million for 2015, while standalone profits fell by 60.4% to EGP 32.5 million in 2016 from EGP 82.05 million for 2015.
The company’s board proposed paying cash dividends of EGP 1 per share.
