Cairo – Mubasher: Modern Waterproofing Company (Bitumode) posted on Thursday a consolidated net profit of EGP 903,000 ($101,000) for the first quarter of fiscal 2016, against net losses of EGP 3.76 million ($224,000) in Q1-15.

Standalone net profit reached EGP 1.92 million ($215,000) in Q1-16, versus EGP 3.76 million ($491,000) in Q1-15, according to a bourse statement.

Bitumode earlier reported a net profit of EGP 85 million for 2015.