Cairo – Mubasher: Emaar Misr for Development on Monday reported a 37% year-on-year surge in 2017 profits due to a growth in sales.
Net profit amounted to EGP 2.3 billion last year, compared to EGP 1.68 billion a year earlier, the real estate firm said in a filing to the Egyptian Exchange (EGX).
Sales increased to EGP 4.5 billion in 2017, versus EGP 4 billion sales in 2016.
Given that Emaar Misr previously posted EGP 479.4 million profits for the third quarter of 2017, up from EGP 372.1 million in Q3-16.
