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 Q1. The above according to a bourse filing released last week.
This while sales reached EGP 703.5 billion in the first three months of FY17, rising 275.4% or EGP 516.1 million, and revenues for Q1-17 grew by EGP 498.2 million to score EGP 666.8 billion.
