Emaar Misr reports 131.6% YoY consolidated profit hike in H1
Updated 8/15/2022 10:19:00 AM
Arab Finance: Emaar Misr for Development (EMFD) posted a 131.58% year-on-year (YoY) hike in consolidated profit attributable to the parent company during the first half (H1) of 2022, recording EGP 3.08 billion, according to financial statements filed the Egyptian Exchange (EGX) on Monday.
The company’s revenue soared to EGP 7.026 billion in H1 2022 from EGP 3.785 billion in H1 2021.
Standalone net profit after tax jumped to EGP 3.08 billion in the six-month period ended June 30th from EGP 1.33 billion the year before.
Established in 2007, Emaar Misr is a real estate development company that operates in commercial and residential development projects such as residential villages and communities, business centers, malls, shopping complexes, villas, townhouses, and apartments.
