Cairo – Mubasher: Reacap Financial Investments on Tuesday posted a 359% year-on-year surge in consolidated profits for the first nine months of 2018.

Net profit reached EGP 66.26 million in the nine-month period ended September, versus EGP 14.44 million in the year-ago period, the company said in a filing to the Egyptian Exchange (EGX).

Operating income rose to EGP 71.1 million at the end of September, versus EGP 26.66 million in the same period last year.

At the level of standalone business, losses shrank to EGP 1.29 million in the January-September period, compared to EGP 1.92 million in the prior-year period.