Cairo - Mubasher: Saudi Egyptian Investment and Finance Co. reported a significant increase of nearly 251% in net profits for the first nine months of 2015.
The firm saw net profits of EGP 95.7 million in this nine-month period of 2015, compared with EGP 27.2 million for the same period of 2014.
Meanwhile, the company reported revenues of a round EGP 99.7 million for the first nine months of 2015, compared with EGP 8.2 million for the comparable period a year earlier.
The firm pointed out, in a bourse statement, that it has delayed preparing the estimated budget for 2016, in order to conduct more studies.
