Cairo – Mubasher: The board of Heliopolis Company for Housing and Development gave the green light to 2016/17 estimated budget on Sunday.
The budget estimate shows that Heliopolis Housing targets to register EGP300 million net profit after tax and EGP872 million total opening revenues in the fiscal year 2016/17.
In late March, the board of directors approved 2016/17 investment plan at an estimated value of EGP550 million.
On 26 May 2015, Heliopolis’ ordinary general meeting agreed on 2015/16 budget estimate with a projected net profit of EGP412.9 million.
