El Ezz Porcelain Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017
For the year ended December 31, 2016, the company reported net profit of EGP 35.8 million as compared to EGP 28.8 million for the same period last year. Revenues increased by 21% to reach EGP 724.7 million, compared to EGP 600.7 million in 2015.
For the year 2017, the company's profits are likely to reach EGP 60 million if it sustains its performance in the fourth quarter of 2016.