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General Company for Land Reclamation’s board approves FY2026/2027 estimated budget

Updated 4/23/2026 9:40:00 AM
General Company for Land Reclamation’s board approves FY2026/2027 estimated budget

Arab Finance: The board of General Company for Land Reclamation, Development, and Reconstruction (AALR) approved the estimated budget for fiscal year (FY) 2026/2027, according to a bourse filing.

Under the budget, the company aims to generate EGP 190 million in revenue for the next FY, compared to EGP 162 million planned for FY 2025/2026.

Moreover, General Company for Land Reclamation targets logging net profits of EGP 8.574 million in FY2026/2027, compared to EGP 1.301 million for the current FY.

In the first quarter (Q1) of FY2025/2026, the EGX-listed firm turned profitable at EGP 826,000 compared to net losses of EGP 8.888 million in Q1 FY2024/2025.

Established in 1959, the company specializes in executing land restoration and reclamation works, as well as sanitation, drinking water, housing, and roads projects. The company also carries out railway and airport projects, in addition to importing and exporting.  

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