Pioneers Properties registers over EGP 217m consolidated profits since incorporation

Cairo – Mubasher: Pioneers Properties for Urban Development logged consolidated net profits after tax of EGP 217.32 million since it commenced operating on 8 September 2021 until 31 December 2022, including minority interest.

The EGX-listed firm generated revenues worth EGP 8.60 billion as of 31 December 2022, according to the financial results.

Earnings per share (EPS) stood at EGP 0.20, while the total assets amounted to EGP 33.08 billion.

Standalone Income Statements

In the September 2021-December 2022 period, the standalone net profits after tax hit EGP 2.09 million, whereas the EPS reached EGP 0.002.

Non-consolidated revenues settled at EGP 161.96 million since the company’s inception, while the total assets were valued at EGP 6.08 billion.

During the period from 8 September 2021 until 30 September 2022, the consolidated net profits after tax of Pioneers Properties totalled EGP 458.25 million, including shreholders' rights.

Mubasher Contribution Time: 08-Mar-2023 11:47 (GMT)
Mubasher Last Update Time: 08-Mar-2023 11:51 (GMT)