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SODIC profits for Q1 leap 288% inclusion in Egypt

Sixth of October for Development and Investment’s (SODIC) net profits for the first quarter of fiscal year 2017 witnessed a hike of 287.8% to hit EGP 211.9 million, versus EGP 54.6 million for Q1-16. Standalone net profits increased 274.6% to score EGP 114 million, compared to EGP 30.6 million for …

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South Valley Cement turns profitable in Q4

South Valley Cement Company turned to profitability in the fourth quarter of fiscal year 2016, compared to the same period last year. Net profit for Q4-16 reached EGP 104.14 million, versus a net loss of EGP 1.83 million for Q4-15, according to a bourse filing released last week. Net profit …

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