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SODIC profits ebb to LE451 m in 2018

SODIC profits ebb to LE451 m in 2018

ArabFinance:  Sixth of October Development & Investment Company (“SODIC”) (OCDI) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2018, and ending December 31, 2018.

The company posted consolidated net profits of LE450,956,602, versus net profits of LE598,627,583 in the same period a year ago, taking into account the minority rights.

Moreover, it incurred standalone net losses of LE193,497,109, against posting net profits of LE154,259,058 in the same period last year.

It is worth mentioning that the board decided to distribute LE0.5 per share.

 

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