Cairo – Mubasher: Egyptians for Investment and Urban Development Company said Tuesday that its profits for fiscal year 2016 rose 146% to EGP 4.65 million, versus EGP 1.89 million for FY15.
Revenues increased in 2016 to EGP 46.2 million from EGP 33 million for FY15, according to a bourse statement.
The company noted that its board did not make a decision regarding distributing cash dividends for the year ended on 31 December 2016, and will hold a general meeting on 7 April to discuss dividends.
