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FINANCIAL NEWS
Egypt’s EFIC profit turns to effectiveness in Q2
02 Aug 2016
(MENAFN) The Egyptian Financial and Industrial Co. (EFIC) proclaimed that it turned to profitability in Q2 this year.
Additionally, the firm recorded net profits of USD0.38mn against losses of USD88.37mn for the same period of the previous year.
Meanwhile, the company witnessed net profits of USD1.74mn with a flow of 190 percent from USD0.60mn registered at the same period of 2015.
Moreover, it also stated that it sales value increased to USD1.74mn in the first half of this year, compared with USD1.96mn for the same period last year.
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