Arab Finance: Egyptians for Investment and Urban Development (EIUD) recorded a 182.97% year-on-year (YoY) increase in net loss after tax during the first quarter (Q1) of this year, reaching EGP 849,822, compared to EGP 300,321, according to financial statements filed to the Egyptian Exchange (EGX) on May 30th.
The company did not register any revenue for the first three months of 2023.
Established in 1998, EIUD operates in real estate investment, construction of buildings and resorts, land subdivision and buying and selling of properties.