Cairo – Mubasher: Arab Real Estate Investment (ALICO) reported an increase of 17% in net profits for the third quarter of 2016.

The company saw net profits of EGP 1.67 million for Q3 – 2016, up from EGP 1.43 million for the same period of the previous year.

As for the first nine months of 2016, the company posted net profits of EGP 6.77 million up from EGP 6.31 million a year earlier.