(2017-02-26) Miraco turns to loss ending 2016 on EGP flotation Misr Conditioning (Miraco) (MRCO) announced in a statement sent to EGX the audited financial results for the fiscal period starting January 1, 2016, and ending December 31, 2016.
The company posted consolidated net profits of LE560,363,420, versus net profits of LE111,413,483 in the same period a year ago.
Moreover, it posted standalone net profits of LE558,075,201, versus net profits of LE105,852,050 in the same period a year ago.
The Floatation of Egyptian pound had a negative impact of LE1.265 billion standalone fiscal year results.