Cairo – Mubasher: United Company for Housing and Development reported a slide of 16.6% in the second quarter’s net consolidated profits, according to a bourse filing.
The company earned EGP 9.34 million in Q2-16, compared to EGP 11.2 million in Q2-15.
Over the first six months, net profit reached EGP 48.2 million, compared to EGP 16.3 million recorded in the year-ago period.
Meanwhile, net standalone profits for the first half rose 195.9% year-over-year to EGP 48.23 million from EGP 16.3 million.
