Cairo – Mubasher: Cairo Investment and Real Estate Development on Sunday reported its consolidated profits surged 95% year-on-year for the previous fiscal year.
Net profit amounted to EGP 126.37 million for the period starting September 2017 to August 2018, versus EGP 64.8 million in the year-ago period, including minority shareholders’ rights, the company said in a filing to the Egyptian Exchange (EGX).
Revenue increased to EGP 517.4 million in the prior fiscal year from EGP 349.3 million a fiscal year earlier.
As for the standalone business, profits amounted to EGP 61.4 million in the last fiscal year, compared to EGP 39.08 million in the corresponding period a year ago.
