Cairo – Mubasher: Marseilia Almasreia Alkhalegeya Real Estate Investment reported a 302% year-on-year (YoY) leap in its consolidated net profits to EGP 1.01 million in the first quarter (Q1) of 2021, compared to EGP 251,181, the unaudited financial results showed.
The company’s sales increased to EGP 142.23 million in the January-March period from EGP 115.12 million in the year-ago period, according to a bourse disclosure on Monday.
As for standalone business, the company logged net profits of EGP 829,602 in Q1-21, up from EGP 208,038 in Q1-20.
During 2020, the company's net profits grew to EGP 19.27 million from EGP 10.68 million in 2019.
