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Egypt-based Asec Company for Mining (ASCOM) reported Monday an increase in its net profit to reach 232.4 million Egyptian pounds during the first quarter of financial year 2016/2017.
Revenues jumped to 268.7 million pounds during the first three months of financial year 2016/2017, compared with 178.22 million pounds during the same period of financial year 2015/2016, according to a bourse filing.
Financial income climbed to 254.18 million pounds during the first quarter of this financial year, compared to 14.7 million for during the same quarter a year earlier.
