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Misr Kuwait Investment turns profitable in Q1

Misr Kuwait Investment turns profitable in Q1
The Egyptian Exchange (Photo credit: Mubasher)
Meatello
MKIT
4.05% 3.85 0.15

Cairo – Mubasher: Misr Kuwait Investment and Trading posted on Wednesday a net profit of EGP 62,460 for the first quarter of fiscal year 2017, versus a net loss of EGP 126,430 for Q1-16.

Sales increased in Q1-17 to EGP 6.6 million from EGP 4.17 million in Q1-16, according to a bourse filing.

The stock stood at EGP 0.74% on Tuesday.