Cairo – Mubasher: Financial statements of Arab Company for Asset Management and Development for the first half of the current year revealed a 6388% year-on-year surge in the company's net profits.
According to the company's disclosure to the Egyptian Exchange (EGX) today, net profit after tax reached EGP 177.13 million during the period from January to the end of June, compared to approximately EGP 2.73 million in the corresponding period.
The company's revenues amounted to approximately EGP 331.13 million during the current period, compared to around EGP 690 thousand in the comparative period of the previous year.
