Cairo – Mubasher: The standalone net profits of Egypt Free Shops fell by 32.34% year-on-year (YoY) to EGP 23.05 million during the first quarter (Q1) of fiscal year 2020/2021 from EGP 34.07 million.
Over the July-September period, the company generated EGP 143.27 million in revenue, down from EGP 210.47 million in the corresponding period a year earlier, according to a bourse disclosure on Sunday.
During FY19/20, Egypt Free Shops logged consolidated net profits of EGP 108.9 million, compared to EGP 117 million a year earlier, and standalone net profits of EGP 108.87 million, down from EGP 116.58 million in FY18/19.
