ArabFinance: El Kahera El Watania Investment (KWIN) announced in a statement sent to EGX the audited financial results for the fiscal period starting January 1, 2016, and ending December 31, 2016.

The company posted consolidated net profits of LE742,111, against incurring net losses of LE5,248,613 in the same period a year ago.

Moreover, it posted standalone net profits of LE4,379,747, against incurring net losses of LE3,266,967 in the same period a year ago.

It is worth mentioning, the financial result was not directly affected by the Egyptian pound floatation.
The company added that it will call the Ordinary General Assembly to be convened on March 22.