Zahraa Maadi 9-month profits narrow to 103.5 mln Egyptian pounds

Egypt’s state-owned Zahraa Maadi Investment and Development Company reported Tuesday a drop in its nine-month net profits to reach 103.5 million Egyptian pounds ($5.8 million).

Earlier, profits stood at ​140.5 million during the first nine months of 2016.

Sales fell to 123.7 million pounds from 438.1 million pounds last year.