Cairo – Mubasher: The unaudited financial indicators of the Real Estate Egyptian Consortium recorded a 302.42% year-on-year profit hike during the first nine months of 2019.
Net profits amounted to EGP 30.17 million during the January-September period of 2019, compared to EGP 7.496 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.
In addition, the company’s revenues surged by 680.96% to EGP 77.11 million in the nine-month period ended 30 September from EGP 9.87 million in the corresponding period a year earlier.
As for standalone business, the company logged a net profit of EGP 30.17 million in the first nine months of the year, up from EGP 7.496 million in the prior-year period.
It is worth mentioning that during the first half of 2019, the Real Estate Egyptian Consortium posted a net profit of EGP 24.63 million, compared to EGP 5.37 million in H1-18.
