Cairo – Mubasher: Arab Real Estate Investment (ALICO) saw a growth in 2015 profits by 9.45% year-on-year to EGP3.8 million from EGP3.5 million, according to the consolidated financial statements.

The unconsolidated statements revealed a net profit of EGP3.98 million for 2015 compared to EGP3.5 million for 2014.

In the first nine months of 2015, the company earned EGP6.3 million, compared to EGP11.6 million for the year-ago period.

The stock quote rose 1.4% to EGP0.71 at 10:20am Cairo time.