Egypt’s El Barbary Investment Group profits up 32% in Q2 2016

Egypt-based El Barbary Investment Group SAE -BIG (BIGP.CA) reported an increase in the second quarter’s profits and a decrease on the first six-month basis, according to a bourse filing.

Company’s net profit in the second quarter rose 32.3 percent  year-over-year to 1.29 million Egyptian Pounds ($145,368) from 976,640 pounds ($110,056) , the consolidated results revealed.

Meanwile, BIG net profit in the first half of 2016 fell 81.52 percent year-over-year to 234,930 pounds from 1.27 million pounds, according to the consolidated results.