Cairo – Mubasher: Ajwa Group for Food Industries – Egypt’s consolidated profits for the first quarter of fiscal year 2017 increased 60% to EGP 5.28 million, versus EGP 3.29 million for Q1-16.

Sales rose in Q1-17 by 52.4% to EGP 813.9 million from EGP 534.06 million for Q1-16, according to a bourse filing.

Foreign exchange earnings grew in Q1-17 to EGP 17.29 million, compared to EGP 3.46 million for Q1-16.

Standalone profits reached EGP 418,900 in Q1-17, versus losses worth EGP 1.9 million in Q1-16.