It amounted to 7.5 billion pounds
Dubai – Al Arabiya.net
Posted on: August 15, 2023: 02:25 PM GST Last updated: August 15, 2023: 03:49 PM GST
The quarterly profits of Orascom Development Company increased by 58% to 622 million pounds, compared to 394.6 million pounds during the second quarter of 2022.
The company attributed the rise in second-quarter profits to a 71% increase in revenues to EGP 3.2bn.
The company stated that it achieved 4.7 billion pounds in real estate sales during the second quarter of this year, an increase of 78%.
The company achieved sales of EGP 4.7 billion during the second quarter of 2023, an increase of 78.1%, compared to EGP 2.7 billion during the second quarter of 2022.
The company’s real estate sales during the first half of this year amounted to about EGP 7.5 billion, an increase of 59.9% over the first half of 2022, which is the highest semi-annual sales achieved in its history.
2023-08-15 11:49:01
#Egyptian #Stock #Exchange #Egyptian #Orascom #Development #achieves #highest #semiannual #sales #history
