Cairo – Mubasher: Modern Waterproofing’s (Bitumode) non-consolidated financial statements for the first six months of 2019 showed a 214% year-on-year profit hike, recording EGP 32.82 million.
The company’s net sales surged to EGP 215.35 million in H1-19, compared to EGP 174.28 million in the year-ago period, according to a bourse statement.
In the first quarter of 2019, Bitumode reported a net profit of EGP 19.49 million, against EGP 5.77 million in Q1-18.
