AlMoasher for Programming illustrates causes of high revenues ending Sept

Updated 1/9/2018 12:21:23 PM

ArabFinance: Al Moasher for Programming and Information Dissemination (AMPI) replied in a statement on Egyptian Stock Exchange's (EGX) inquiries regarding raising the Company revenues in fiscal period ending September 2017, 74% versus the same period last year, as it is disclosed in financial results ending September 2017.

The Company said high revenues back to finalize and offer two programs; (CRM) program for client service and (ERB) to plan the Company resources, as the company pointed out to Board of Directors' (BOD) report of the financial results ending December 2016 and the measures that have been taken to overcome the Company losses and finance its ongoing projects. 

In the fiscal period starting July 01, 2017 and ending September 30, 2017, the company signed 21 selling contracts for CRM program with LE480 thousand and sold 3 copies of ERB program in the last quarter of 2017 that will affect positively on the Company budget by end of 2017 and for the future. 

It is worth to mention, the Company posted net profits of LE76,190 for the fiscal period starting January 1, 2017, and ending September 30, 2017,  against incurring net losses of LE76,731 in the same period a year ago.