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Cairo for Investment posts net profit of EGP 458M

Cairo for Investment posts net profit of EGP 458M

ArabFinanceCairo for Investment and Real Estate Development posted a consolidated net profit of EGP 458.2 million in the September-May period of the fiscal year (FY) 2020/2021, according to the company’s unaudited financial statements filed to the Egyptian Exchange.

This marked a Year on Year rise of 38.5% when compared to EGP 330.9 million in the 9-month period of FY 2019/2020.

Standalone net profit reached EGP 238.8 million in the 9-month period of FY 2020/2021, a 32.1% leap from EGP 180.7 million posted in the prior-year period.

CIRA is in talks with a syndicate of international banks to obtain financing for its planned applied technologies university, CEO Mohamed El Kalla said on June 20th.

CIRA is engaged in investment in diversified sectors, including education, construction and real estate, health care, information technology, and support services.

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