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El Kahera El Watania turns profitable in H1

El Kahera El Watania turns profitable in H1
El Kahera El Watania Investment posted consolidated net profit of EGP 27.8 thousand for H1-14, against EGP 8.502 million net loss logged in the same period a year earlier.
H1-14 standalone financial results showed EGP 2.114 million net profit, versus EGP 2.469 million net loss in H1-13.
Consolidated financial statements for Q1-14 had mirrored EGP 1.6 million net profit, against EGP 2.7 million net loss incurred in the same period a year earlier. Standalone financial results for the same period showed EGP 1.8 million net profit, versus EGP 1.5 million net loss in Q1-13. The company had logged EGP 6.885 million loss in FY13, compared with EGP 3.947 million in FY12.