ALICO profits drop to LE1.6 m in three-months of 2017

Updated 5/22/2017 11:54:52 AM

ArabFinance: Arab Real Estate Investment CO.-ALICO (RREI) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2017, and ending March 31, 2017.

The company posted consolidated net profits of LE1,671,104 , versus net profits of LE3,195,156 in the same period a year ago.

Moreover, it posted standalone net profits of LE1,870,814, versus net profits of LE3,195,156 in the same period a year ago.