Delta for Construction posts 42% profit decrease
Updated 11/17/2020 1:11:00 PM
ArabFinance: Delta for Construction and Rebuilding reported a 42% Year on Year decline in its net profit for the first nine months of 2020, according to the company’s November 15th financial statements.
Net profit after tax stood at EGP 11,795,355 in the January-September period of 2020, compared to EGP 20,457,328 achieved in the prior-year period.
Delta is an Egypt-based public shareholding company engaged in the real estate investment sector.
The company’s activities include developing, owning, managing, buying, and selling residential real estate properties, as well as land subdivision and touristic projects development such as resorts and hotels.
