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FINANCIAL NEWS
Egypts Pioneer Holding posts 61pct fall in Q2 profits
31 Aug 2017
(MENAFN) Pioneers Holding Co. for Financial Investment recorded a 61.4 percent year on year fall in profits for the second quarter of the year due to jump in its revenues.
Moreover, the company achieved profits of EGP135.23mn in the period of this year, compared to profits of EGP350.17mn in the same period of 2016.
In the Jan-June period of the year, consolidated profits retreated 35.5 percent to EGP454.1mn, against EGP704.6mn in the same half of 2016.
In addition, standalone profits grew to EGP106.2mn in the cited period from EGP71.07mn in H1, 2016.
MENAFN3108201700450000ID1095795383
MENAFN3108201700450000ID1095795383
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