(Photo credit: Arabianeye - Reuters)
El Obour Real Estate Investment
OBRI
OBRI
Cairo – Mubasher: El Obour Real Estate Investment Company posted on Tuesday a net profit of EGP 1.32 million for fiscal year 2016, compared to a net loss of EGP 3.63 million for FY15.
Revenues declined in 2015 to EGP 15.9 million from EGP 30.11 million for 2015, according to a bourse filing.
The company said in another statement that the flotation of the Egyptian pound has no impact on its financial statements for the year ended on 31 December 2016.
Source:
Mubasher
