FINANCIAL NEWS

Egypt-Sodic posts 88pct jump in H1 revenue

19 Aug 2017

(MENAFN) Egypt-based Sodic, a pioneering real estate firm has recorded revenue of USD65.9mn for the first half of the year, an increase of 88 percent.

Additionally, the strong performance was driven by timely deliveries in Eastown Residences and Westown Residences, which showed 54 percent and 29 percent of the delivered value.

Moreover, net profit grew to 130 percent, reaching EGP340mn, compared to EGP148mn for the same period of 2016.

The firm received 614 units through 8 projects in the Jan-June period of the year more than double the 302 units received amid the same period of 2016.

MENAFN1908201700450000ID1095746840

MENAFN1908201700450000ID1095746840

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