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EHDR’s consolidated profits hit EGP 38.7M in 2021

EHDR’s consolidated profits hit EGP 38.7M in 2021

ArabFinance: Egyptians for Housing and Development Company’s (EHDR) consolidated net profits excluding minority interest surged to EGP 38.709 million in 2021, from EGP 3.311 million in 2020, according to consolidated financial statements filed to the Egyptian Exchange (EGX) on Sunday.

Consolidated operating revenue grew to EGP 74.349 million during the full year ended December 31st 2021, from EGP 50.618 million the year before.

Meanwhile, the company’s standalone profits after taxes dropped to EGP 27.013 million in 2021, from EGP 61.108 million in 2020, standalone financial statements showed.

Egyptians for Housing operates in the real estate development and investment sector, with the focus on the businesses of buying, purchasing, dividing, and selling lands, and establishing buildings and facilities.

The company’s business also includes setting up urban expansion projects, residential and commercial complexes, and new township projects.

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