Cairo – Mubasher: The standalone net profits of Egypt Free Shops declined by 17.91% year-on-year (YoY) to EGP 91.49 million in the first nine months of fiscal year (FY) 2020/2021, compared to EGP 111.452 million.
The company’s revenues retreated to EGP 501.91 million in the July-March period of FY20/21, compared to EGP 613.13 million in the corresponding period a year earlier, according to a bourse disclosure on Sunday.
During the first half (H1) of FY20/21, Egypt Free Shops recorded standalone net profits of EGP 67.2 million, down from EGP 72.6 million in the prior-year period.
