Delta for Construction’s net profit soars 84.6% YoY in H1

Updated 8/15/2022 12:13:00 PM

ArabFinanceDelta for Construction and Rebuilding (DCRC) posted an 84.62% year-on-year (YoY) hike in net profit after tax during the first half (H1) of 2022, recording EGP 13.529 million, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.

The company’s revenue inched down to EGP 101.372 million in H1 2022 from EGP 52.451 million in H1 2021.

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.