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National Housing turns profitable in Q1

National Housing turns profitable in Q1

Arab Finance: National Company for Housing for Professional Syndicates (NHPS) has turned to profitability in the first quarter (Q1) of 2022, according to the financial statement file to the Egyptian Exchange (EGX) on May 26th.

The company recorded a net profit after tax of EGP 10.51 million in Q1 2022, versus a net loss of EGP 46.90 million in Q1 2021.

NHPS is an Egypt-based company engaged in real estate development operations. The company is organized into real estate and tourism segments.

 

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