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New Ismailia for Urban Development loss shrinks in H1 2021

New Ismailia for Urban Development loss shrinks in H1 2021

ArabFinance:  New Ismailia for Urban Development Company (IDRE) incurred a net loss of EGP 495,796 in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) decline of 30% when compared to EGP 704,179 in H1 2020.

New Ismailia for Urban Development’s ordinary general meeting agreed on the board reformation for the next three years.

New Ismailia focuses on planning and establishing urban areas while carrying out infrastructure projects such as drinking water, sanitation, electricity, roads, communications, and multiple garages.

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