Porto Group’s profits dip 12% to LE 116.88M in 2019 – Egypttoday

Porto Group’s profits dip 12% to LE 116.88M in 2019 – Egypttoday

CAIRO - 13 April 2019: Porto Group Holding's (PORT) consolidated profits decreased 12.4 percent in 2019, recording LE 116.88 million, compared to LE 133.58 million including minority rights in 2018.. The company's revenues recorded LE 1.72 billion in 2019, compared to LE 1.6 billion during 2018, financial Indicators showed, revealing that cost of revenues recorded LE 1.28 billion in 2019, up from LE 1.11 billion in a prior year.. As per standalone results, the company turned into profitability by LE 72.144 million, compared to losses of LE 12.8 million in 2018.. Financial Indicators of PORT consolidated results revealed a 50.9 percent hike in profits of the first half of 2019, recording LE 80.07 million, compared to LE 53.06 million including minority rights in the same half of 2018.. Enjoy the virtual tour for The Tomb of Ramses VI in 3D.