Arafa Records $7.1 million Net Profit in 9 Months

Egypt’s Arafa for Investment and Consultancies (AIVC.CA) reported 9-month consolidated net profit of US$7.184 million, from US$5.455 million a year earlier.

The company has announced Monday its business results for the first nine months of fiscal year of 2014/15, from February till October 2014.

Moreover, the results also revealed that Arafa posted standalone net profit of US$157.6 thousand, 79.45% down from US$767.2 thousand last year.

During the first half of fiscal year ending on July 31.2014, Arafa registered net profit of US$5.3 million, marking a 14% increase.