Arab Finance: Emaar Misr for Development (EMFD) reported a 107.39% year-on-year (YoY) increase in its consolidated net profits after tax during the first nine months of 2024, according to the financial statement filed to the Egyptian Exchange (EGX) on November 17th.

The real estate developer recorded EGP 10.344 billion in net profit after tax, compared to EGP 4.988 billion in the first nine months of 2023.

Meanwhile, revenues went up to EGP 13.264 billion from EGP 10.582 billion.

The firm also generated EGP 10.153 billion in standalone net profits after tax during the January-September period of this year, up from EGP 4.988 billion.

Established in 2007, Emaar Misr is engaged in real estate development operations. It undertakes commercial and residential development projects such as residential villages and communities, business centers, malls, and shopping complexes, villas, townhouses, and apartments.

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