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.