Cairo - Mubasher: Zahraa Maadi Investment and Development reported an increase of 43.6% in net profits for the fiscal year ended 31 December 2015.
The company saw net profits of EGP 161.85 million in 2015, up from EGP 112.5 million a year earlier.
The real estate developer achieved revenues of EGP 334.4 million in 2015, compared with EGP 341.9 million in 2014.
Meanwhile, the company said it looks forward to distribute dividends at 100% of its paid-in capital with total amount of EGP 55 million, over two installments at 5% and 95% respectively.
The real estate developer said earlier, it posted net profits of EGP 100 million for the first nine months of 2015, up from EGP 80.3 million for the similar period of 2014.
