Cairo – Mubasher: Real Estate Egyptian Consortium’s ordinary general meeting approved retaining 2015 earnings after deducting 5% for backing the statutory reserve.
The ordinary meeting also ratified 2015 financial statements that indicated a net profit of EGP12.33 million after tax.
In addition, they looked into the early pay-off of EGP64.6 loan installments due to Egyptian Arab Land Bank.
The company reported a net profit of EGP12.3 million in 2015 compared to EGP10.06 million a year earlier.
