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Pioneers Properties posts EGP 431.8M consolidated profit June-end

Pioneers Properties posts EGP 431.8M consolidated profit June-end

Arab FinancePioneers Properties for Urban Development (PRDC) registered a consolidated profit attributable to the parent company of EGP 431.88 million during the period from the establishment until the end of June, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.

Consolidated operating revenue surged amounted to EGP 4.008 billion at the end of June.

The company’s standalone net profit after tax reached EGP 21.588 million on June 30th.

Established in September 2021, Pioneers Properties is a Cairo-based company listed on the EGX that operates in real estate development and investment.

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