Egyptian Real Estate Fund’s profits increase 122% YoY in 9 months

Updated 11/9/2023 12:27:00 PM
Egyptian Real Estate Fund’s profits increase 122% YoY in 9 months

Arab Finance: Egyptian Real Estate Fund posted a 122% year-on-year (YoY) increase in its net profit after tax in the nine months ended on September 30th, as per a disclosure on November 9th.

Net profits stood at EGP 11.577 million, compared to EGP 5.216 million in the nine-year period a year ago.

Meanwhile, revenues came in at EGP 20.395 million, up from EGP 10.852 million.  

The fund is a Cairo-based private company operating within the real estate sector focusing on specialized real estate investment trusts.

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