Egypt’s Porto Group 2017 profits surge to 245 mln pounds

Egypt-based property developer Porto Group’s profits increased to 245.5 million Egyptian pounds ($13.9 million) in 2017 from 117.5 million pounds in 2016, said financial statements on Wednesday.

During the three months ended in September 2017, profits jumped to 73.9 million pounds, compared with 25.89 million pounds during the same period a year earlier.