Cairo – Mubasher: The consolidated net profits of United Company for Housing and Development fell by 22.4% year-on-year (YoY) to EGP 105.8 million in 2020, compared to EGP 136.4 million a year earlier, including minority shareholders’ rights.
The company’s sales increased to EGP 185.96 million last year from EGP 147.77 million in 2019, according to a bourse disclosure on Monday.
As for standalone business, the company posted net profits of EGP 93.59 million in 2020, down from EGP 117.7 million in the prior year.
During the first nine months of 2020, United Company for Housing and Development achieved net profits of EGP 103.22 million, down from EGP 127.39 million in the corresponding period a year earlier, including minority shareholders’ rights.
