Cairo - Mubasher: El Wadi for Touristic Investment showed a decline in net profits 19% in 2016, as shown by the company’s financial statements.
The company added in a statement to the Egyptian Exchange (EGX) on Thursday that net profits totalled EGP 8.26 million in 2016 compared to EGP 10.2 million in the year before.
As for the effect of the pound flotation on the company’s financial results, El Wadi reported FX gains of EGP 88,300.
