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Egyptian Starch profits climb 50% in 2015

Egyptian Starch profits climb 50% in 2015
Photo Credit: Arabianeye - Reuters
Egyptian Starch & Glucose
ESGI
-19.70% 3.21 -0.79

Cairo – Mubasher: Egyptian Starch and Glucose Co. registered an increase of 50.26% in net profits for 2015.

 The firm posted net profits of EGP 45.08 million in 2015, up from EGP 30 million in the previous year.

On contrary, the company’s topline for 2015 drifted down by 3.63% y-o-y.

The firm said earlier, it saw net profits of EGP 32 million for the first nine months of 2015.