Arab Finance: New Ismailia for Urban Development Company (IDRE) has reported an 83.77% year-on-year (YoY) drop in its net profits after tax during 2023, according to financial statements filed to the Egyptian Exchange (EGX).

The company posted net profits after tax of EGP 638,586 in the January-December period of this year, compared to a net profit of EGP 3.933 million in 2022.

Operating revenues declined to EGP 1.012 million in the 12 months ended December 31st from EGP 6.544 million in 2022.

Established in 2010, New Ismailia is an Egypt-based company listed on the EGX since June 2011. It operates within the real estate sector, with a focus on planning and establishing urban areas and developing infrastructure projects.

Alexandria National for Financial Investment’s losses widen 145% YoY in H1 2024 Updated 7/24/2024 3:07:00 PM

Obour Land’s consolidated profits surge 99.4% YoY in H1 2024 Updated 7/22/2024 10:14:00 AM

QNB’s consolidated profits jump 59% YoY in H1 2024 Updated 7/9/2024 7:14:00 AM

Concrete Fashion posts 65% YoY consolidated profit increase end-April Updated 7/8/2024 10:32:00 AM

Ascom’s turns to losses in Q1 Updated 6/23/2024 9:31:00 AM