Cairo – Mubasher: Egyptians Abroad for Investment and Development’s consolidated profits decreased in the fourth quarter of fiscal year 2016 to EGP 4.33 million, versus EGP 12 million for Q4-15.
Consolidated profits for FY16 declined 13.4% to EGP 13.8 million from EGP 15.9 million for FY16, according to a bourse filing released on Wednesday.
Standalone profits amounted to EGP 8.25 million for 2016, compared to EGP 12.9 million for 2016.
The company’s general meeting will be held on 27 March to discuss the financial statements for the year which ended on 31 December 2016.
