Cairo - Mubasher: El Ahram for Printing and Packing reported a rise in net profits by 2.5% for the fiscal year ended on 31 December 2016, as shown by the company’s financial statements.
The company said in a statement to the Egyptian Exchange (EGX) on Thursday that net profits totalled EGP 7.03 million last year compared to EGP 6.86 million in the year before.
Foreign exchange losses amounted to EGP 1.15 million in the previous year after the pound's flotation on 3 November 2016.
According to a separate bourse filing, the company’s ordinary general meeting (OGM) will be held on 29 April, in order to approve the financial statements of FY16, as well as the board of directors' and the auditors' reports.
