Marseilia turns profitable in 2023

Updated 3/3/2024 10:56:00 AM
Marseilia turns profitable in 2023

Arab Finance: Marseilia Almasreia Alkhalegeya for Holding Investment recorded consolidated net profits after tax and non-controlling interest of EGP 56.267 million during 2023, against net losses of EGP 162,573 in 2022, as per a statement on March 3rd.

Meanwhile, revenues dropped to EGP 230.655 million from EGP 466.938 million.

In standalone business, the firm's net profits after tax hiked in 2023 to EGP 50.904 million from EGP 1.416 million.

Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.

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