Cairo - Mubasher: Arab Engineering Industries reported a 60% increase in net profits in the second quarter of 2016 to EGP 1.65 million ($185,420), from EGP 1.03 million ($115,910) in the same period last year.
Profits for the first half of the year reached EGP 2.54 million ($285,530), according to the company’s statement to the Egyptian Stock Exchange on Sunday.
Local sales amount for 96.4% of total sales, while exports make up the remaining 3.6%.
