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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.
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