Middle East Economic Survey
Apicorp Posts $38.8Mn Profits In 2004, Up 16% On Previous Year
Apicorp, announced on 7 April in Cairo, following its shareholders general assembly and board of directors meeting, that its 2004 net profits reached $38.8mn, up 16% over $33.5mn in 2003. Total assets increased to $2,121mn in 2004 from $2,088mn in 2003. Apicorp participated in loans totaling $9.1bn in 2004, with a final take of $482mn, compared to $6.2bn and a final...