Heliopolis Housing’s profits skyrocket 5,582.5% YoY in H1 2024

Updated 8/14/2024 10:36:00 AM
Heliopolis Housing’s profits skyrocket 5,582.5% YoY in H1 2024

Arab Finance: Heliopolis Company for Housing and Development (HELI) posted a 5,582.5% year-on-year (YoY) surge in net profits after tax in the first half (H1) of 2024, as per a filing on August 14th.

The firm recorded net profits of EGP 1.399 billion in H1 2024, up from EGP 24.612 million in H1 2023.

Meanwhile, operating revenues grew to EGP 736.703 million from EGP 258.602 million.

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 project planning and supervising.

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