Cairo – Mubasher: Pioneers Properties for Urban Development achieved consolidated net profits after tax worth EGP 1.26 billion at the end of December 2024, up year-on-year (YoY) from EGP 556.97 million.
Earnings per share (EPS) for the holding company hiked to EGP1.06 last year from EGP 0.39 in 2023, according to the financial results.
Meanwhile, the operations revenues dropped to EGP 4.99 billion in 2024 from EGP 5.78 billion a year earlier.
Standalone Business
The EGX-listed firm recorded higher standalone net profits after tax at EGP 580.10 million as of 31 December 2024, compared to EGP 159.52 million in 2023.
Non-consolidated EPS increased to EGP 0.48 last year from EGP 0.15 in 2023, while the revenues jumped to EGP 836.75 million from EGP 351.28 million.
In the nine-month period that ended on 30 September 2024, the consolidated net profits reached EGP 1.47 billion, while the standalone net profits hit EGP 1.28 billion.
