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International Dry Ice annual profits down 80%

International Dry Ice annual profits down 80%
Revenues grew in 2016 by 10.43% (Photo credit: Arabianeye - Reuters)
DIFCO2
DIFC
-10.06% 7.51 -0.84

Cairo – Mubasher: International Dry Ice said Monday that its profits for the fiscal year 2016 declined 80.32% to EGP 57,150, versus EGP 290,440 for fiscal 2015.

Revenues grew in 2016 by 10.43% to EGP 3.81 million from EGP 3.45 million for 2015, according to a bourse statement.

Foreign exchange earnings amounted to EGP 150,000.