ICID’s profit balloons in Q1-19

Cairo – Mubasher: International Company for Investment and Development (ICID) has reported a 3472 year-on-year profit hike during the first quarter of 2019.

The company’s after-tax profit surged to EGP 576,970 in Q1-19 versus EGP 16,150 in the year-ago period, according to a bourse statement released on Wednesday.

Revenue went up to EGP 1.5 million in the three-month period ended 31 March, compared to 576,150 in the year before.

In 2018, ICID’s net profit declined to EGP 1.05 million from EGP 1.7 million in 2017.

Mubasher Contribution Time: 24-Apr-2019 16:05 (GMT)
Mubasher Last Update Time: 24-Apr-2019 16:05 (GMT)