Wadi Kom Ombo reports lower profit
Updated 2/3/2021 3:00:00 PM
ArabFinance: Wadi Kom Ombo Land Reclamation (WKOL) reported a net profit of EGP 9.25 million in July-December 2020, compared to EGP 16.08 million in the prior-year period, according to the company’s February 3rd statement to the Egyptian Exchange.
The company posted a 20% Year on Year decrease in its net profit for FY 2019/2020, recording EGP 23.4 million.
Wadi Kom Ombo is an Egypt-based company that is engaged in the real estate development sector.
The company is involved in land reclamation, real estate development, and general contracting services, such activities as sale and purchase of land for building and agriculture, and operates it for its own account and third parties.
