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First Realtors posts 74% profit increase

First Realtors posts 74% profit increase

ArabFinance: First Realtors for Investment and Real Estate Development (FIRE) reported a 74% Year on Year increase in its net profit in Quarter one (Q1) of 2020, according to the company's June 16th financial statements filed to the Egyptian Exchange.

 

Net profit stood at EGP 20,781 in Q1 2020, compared to EGP 11,930 posted in Q1 2019.

The company posted a net profit of EGP 137,802 in the first nine months of 2019, compared to EGP 40,916 posted in the prior-year period.

Established in 2008, First Realtors operates within the real estate sector focusing on diversified real estate activities.

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