Cairo – Mubasher: Zahraa Maadi Investment and Development reported an 18.2% year-on-year (YoY) increase in its net profits to EGP 69.45 million in the first half (H1) of 2020 from EGP 58.7 million, the company’s unaudited financial results showed.
The company’s sales retreated to EGP 68.74 million in the January-June period, compared to EGP 127.3 million in the prior-year period, according to a bourse disclosure on Monday.
It is worth mentioning that during the first quarter of 2020, Zahraa Maadi achieved net profits of EGP 34.83 million, slightly up from EGP 34.27 million in the corresponding period a year earlier.
