Cairo – Mubasher: The unaudited consolidated financial results of Nile City Investments revealed a 13.6% year-on-year (YoY) rise in net profits to EGP 598.85 million in 2019 from EGP 527.35 million.
The company’s revenues increased to EGP 1.26 billion last year from EGP 1.15 billion in 2018, according to a bourse disclosure on Monday.
As for standalone business, the company’s net profits grew to EGP 287.14 million in 2019, compared to EGP 228.97 million in the prior year.
It is worth mentioning that in the first nine months of 2019, Nile City Investments reported net profits of EGP 508.9 million, up from EGP 485.78 million in the same period in 2018.
