Heliopolis Housing logs EGP 8.1M profits in 9 months

Updated 11/13/2023 9:34:00 AM
Heliopolis Housing logs EGP 8.1M profits in 9 months

Arab Finance: Heliopolis Housing and Development (HELI) logged net profit after tax of EGP 8.07 million in the first nine months of 2023, compared to net profits of EGP 652.99 million in the year-ago period, according to the company’s financial statement on November 13th.

The company’s operating revenues grew to EGP 399.9 million in the nine-month period ended September 30th, compared to EGP 1.87 billion in the same period of last year.

Heliopolis Housing is a leading Egypt-based real estate development company that operates in land reclamation and subdivision, residential real estate development and management, property purchase and sale, as well as projects’ planning and supervising.

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