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FINANCIAL NEWS
Egypt-SODIC records EGP97m revenue in Q2
16 Aug 2016
(MENAFN) Sixth of Oct Development & Investment Co. (SODIC) recorded total revenues of EGP435m with a net profit of EGP97mn, marking 22pct net profit margin.
Additionally, as a result of the number of launches, including new phases in Villette and Eastown, the net sales posted EGP1.2bn.
Moreover, East Cairo contributed to 60 percent of whole sales in Q2, while SODIC West projects contributed to almost 34 percent of sales.
Meanwhile, SODIC Eastown deliveries increased from 166 units in Q2 of last year to 201 units in the same quarter of this year.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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