Cairo – Mubasher: Modern Waterproofing Company (Bitumode) turned into profits during the first half of 2016, the consolidated financial results revealed.

The company registered EGP 2.1 million profits in H1, against EGP 4.9 million losses for the year-ago period, according to a bourse filing.

Meanwhile, its unconsolidated net profits for the same period declined 63.6% year-over-year to EGP 2.7 million from EGP 7.3 million.

By 10:12am Cairo time, the stock quote steadied at EGP 0.72 a share on Wednesday.