Arab Development logs 47% lower profits in 2024

Updated 2/25/2025 12:44:00 PM
Arab Development logs 47% lower profits in 2024

Arab Finance: Arab Development and Real Estate Investment gained EGP 290,820 in net profit during 2024, an annual plunge of 47.06% from EGP 549,436, the financial results showed.

Basic earnings per share (EPS) retreated to EGP 0.004 in 2024 from EGP 0.007 in 2023, while revenues climbed to EGP 14.281 million from EGP 8.009 million.

Established in 2011, Arab Development is specialized in real estate investment through selling, purchasing, leasing, and dividing land plots, whether for residential, administrative, or commercial purposes.

 

Related News