Zahraa Maadi 9-month profits narrow to 103.5 mln Egyptian pounds

By Yomna Yasser On Oct 31, 2017

Egypt’s state-owned Zahraa Maadi Investment and Development Company reported Tuesday a drop in its nine-month net profits to reach 103.5 million Egyptian pounds ($5.8 million).

Earlier, profits stood at 140.5 million during the first nine months of 2016.

Sales fell to 123.7 million pounds from 438.1 million pounds last year.

Egypt’s state-run AMOC Q1 net profit ups to 402.6mn pounds

Apple could drop Qualcomm components in next year’s iPhones, iPads: sources