Sixth of October for Development and Investment’s (SODIC) consolidated net profit for the first quarter of 2017 rises by 287.8% to EGP 211.9 mn, versus EGP 54.6 mn for the same period a year earlier, Invest-Gate reports.

Standalone net profit increases 274.6% to EGP 114.6 mn, compared to EGP 30.6 mn for Q1, 2016, according to a bourse filing released on Tuesday.

Sales reach EGP 703.5 bnin the first three months of 2017, rising 275.4% year-on-year or EGP 516.1 mn.

Revenues for Q1 of 2017 grow by EGP 498.2 mn to EGP 666.8 bn.