First Investment profits jump ending 2016

Updated 4/6/2017 10:27:42 AM

ArabFinance: First Investment Company and Real Estate Development (FIRE) 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 net profits of LE86,070, versus net profits of LE29,666 in the same period a year ago.

The floatation of Egyptian pound had no impact on fiscal year results.

It is noteworthy that the company's Board didn't propose profits distribution for the ending fiscal year 2016.