Arab Finance: International Company for Investment and Development (ICID) reported a standalone net profit after tax of EGP 1.510 million in 2023, declining by 35.76% from EGP 2.352 million, according to the financial statement filed to the Egyptian Exchange (EGX) on February 20th.
Revenues edged down by 3.57% YoY to EGP 6.559 million during the January-September period, compared to EGP 6.802 million.
International Company for Investment and Development is an Egypt-based company engaged in investment activities in different business sectors. The company invests in the real estate and housing sector, contracting projects, reclamation of desert lands, financial leasing and other investments.