Arab Finance: Pioneers Properties for Urban Development (PRDC) posted a consolidated net profits attributable to the holding company of EGP 205.895 million since its establishment in September 2021 until the end of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on March 6th.

Operating revenue reached EGP 8.603 billion during the period from September 2021 to the end of last year.

The company’s standalone net profit after tax amounted to EGP 2.094 million in the aforementioned period, the financial statements showed.

Established in September 2021, Pioneers Properties is a Cairo-based company listed on the EGX that operates within real estate development and investment.

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