Egypt’s EFIC reports 268% increase in H1 profits

Egyptian Financial and Industrial Company (EFIC) reported Sunday a 268 percent growth in profits to reach 60.5 million Egyptian pounds ($3.4 million) during the first half of 2017.

Earlier, profits stood at 16.4 million during the first half of 2016.

Revenues climbed to  327.49 million pounds, compared with 155.9 million pounds.

During the first quarter, profits also jumped to 54.18 million pounds, compared to3.96 million pounds during the same quarter in 2016.

Source: Mubasher