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El Obour for Real Estate Investment’s profits grow 16.7% YoY in Q1

El Obour for Real Estate Investment’s profits grow 16.7% YoY in Q1

ArabFinanceEl Obour Company for Real Estate Investment (OBRI) has posted a 16.7% year-on-year (YoY) increase in net profit after tax for the first quarter (Q1) of 2022, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on May 12th.

The company recorded a net profit after tax of EGP 623,566 million in Q1 2022, compared to a profit of EGP 533,250 in Q1 2021.

Operating revenue totaled EGP 16.11 million in the three-month period ended March 31st, up from 15.01 million in the same quarter of 2021.

In 2021, the company registered a net profit after tax of EGP 2.5 million in 2021, up from EGP 712,272 in 2020.

Established in 1994, El Obour operates within the real estate sector, focusing on diversified real estate activities.

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