EIPICO 1Q16: Recurring earnings surge 47% Y-o-Y on revenue and solid margin improvement; ahead of estimate
Net income – EGP123mn, +38% Y-o-Y, +52% Q-o-Q, +24% vs. EFGe Revenue – EGP496mn, +11% Y-o-Y, +22% Q-o-Q, 0.6% vs EFGe Gross profit – EGP258mn, +30% Y-o-Y, +4% Q-o-Q, +18% vs. EFGe Net operating profit – EGP147mn, +42% Y
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