Cairo – Mubasher: The consolidated net profits of Emaar Misr for Development soared to EGP 10.34 billion in the first nine months (9M) of 2024 from EGP 4.98 billion in 9M-23.
The group posted revenues valued at EGP 13.26 billion as of 30 September 2024, an annual leap from EGP 10.58 billion, according to the financial results.
Basic and diluted earnings per share (EPS) increased to EGP 2.22 in 9M-24 from EGP 1.05 in 9M-23.
Financials for Q3-24
In the third quarter (Q3) of 2024, Emaar Misr logged consolidated net profit amounting to EGP 2.69 billion, up year-on-year (YoY) from EGP 1.49 billion.
Revenues jumped to EGP 7.65 billion from EGP 4.89 billion, while EPS grew to EGP 0.57 from EGP 0.32.
During the first half (H1) of 2024, Emaar Misr recorded YoY higher consolidated net profits at EGP 7.64 billion, compared to EGP 3.48 billion.
