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Arabian Business Egypt: The company's financial statements revealed that its second-quarter profit was down 79.2%.
The company said Sunday in a statement that the profit of the period amounted to about 20.68 thousand dinars (68.04 thousand dollars), against 99.58 thousand dinars (327.64 thousand dollars) for the same period of last year.
The company recorded a profit of 22,000 dinars in the first half of this year, against around 25.77,000 dinars for the same period in 2018, a decrease of 14.6%.
The company attributed declining earnings to lower investment income.
The profitability of the company for the first quarter of this year amounted to 1.32 thousand dinars, against losses of about 73.81 thousand dinars for the same period of 2018.
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