Cairo – Mubasher: The consolidated net profits of Six of October Development and Investment (SODIC) grew by 6% year-on-year (YoY) to EGP 537.84 million during the first nine months of 2020 from EGP 506.09 million, including minority shareholders’ rights.
On the other hand, SODIC’s revenues declined to EGP 3.15 billion in the January-September period from EGP 3.4 billion in the same period in 2019, according to a bourse disclosure on Thursday.
The company logged standalone net losses of EGP 90.99 million in the nine-month period ended 30 September, up from EGP 28.43 million in the prior-year period.
During the first half (H1) of 2020, the company’s net profits plunged to EGP 69.3 million from EGP 337.9 million in H1-19.
