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Emerald Real Estate Investment reports 6.4% YoY increase in Q1 profits

Emerald Real Estate Investment reports 6.4% YoY increase in Q1 profits

Arab FinanceEmerald Real Estate Investment (EMRI) reported a 6.4% year-on-year (YoY) increase in profits for the first quarter (Q1) of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on May 26th.

The company recorded a net profit after tax of EGP 7.46 million in Q1 2022, compared to EGP 7.01 million in Q1 2021.

The company’s operating revenue amounted to EGP 14.74 million in Q1 2022, slightly up from EGP 14.13 million in Q1 2021.

Established in 2009 and listed in 2020, Emerald is a public company that operates within the real estate sector.

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