< Arab Finance - News - CIRA posts EGP 112M profit to shareholders in Q1
Count Down to relaunch

CIRA posts EGP 112M profit to shareholders in Q1

CIRA posts EGP 112M profit to shareholders in Q1

ArabFinance: Cairo for Investment and Real Estate Development (CIRA) registered a consolidated profit attributed to the shareholders worth EGP 112.27 million during the first quarter (Q1) that ended on November 30th 2020, according to a disclosed income statement.

The result came 12% Year on Year (YoY) higher than EGP 100.25 million in the September-November 2019 period.

Earnings per share stood at EGP 0.16 in Q1 of fiscal year (FY) 2020/2021, compared with EGP 0.15 in the prior-year period.

As for the standalone income statement, CIRA incurred a loss of EGP 7.76 million at the end of November 2020, against a profit of EGP 10.66 million in Q1 of FY 2019/2020.

The company posted a loss per share of EGP 0.01 in the first three months of the current FY, versus earnings per share of EGP 0.02 in the same period of FY 2019/2020.

CIRA’s revenues stood at EGP 370 million during Q1 of this FY, posting an annual growth of 18% from EGP 313.12 million.

Chairman of CIRA Mohamed el Kalla said Q1 results were backed by the opening of four new faculties at Badr University in Cairo, according to a separate press release on January 14th.

CIRA said last September it commenced the construction works of Badr University in Assiut.


#Related keywords


Recommended Stocks

13 Jun 2022
Delta Sugar SUGR

All rights reserved to Arab Finance 2020 ©

Back to top