Cairo – Mubasher: Marseilia Almasreia Alkhalegeya Real Estate Investment reported a 185% year-on-year increase in its net profits during the first half of 2019.
The company’s net profits amounted to EGP 3.31 million in the six-month period ended 30 June, compared to EGP 1.16 million in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Sunday.
Sales surged to EGP 245.94 million in H1-19 from EGP 118.98 million in H1-18.
During the three-month period ended 31 March, the EGX-listed firm logged a profit of EGP 1.433 million, compared to EGP 1.039 million in the corresponding period a year earlier.
