Arab Finance: Wadi Kom Ombo for Land Reclamation Company reported a 174.9% year-on-year surge in net profits after tax in the first nine months of fiscal year (FY) 2023/2024, the firm disclosed on May 13^th.

The company registered net profits of EGP 54.201 million in the July-March period this FY, up from EGP 19.719 million in the same period of last FY.

Meanwhile, operating revenues grew to EGP 124.682 million from EGP 95.526 million.

Wadi Kom Ombo is an Egypt-based company that is engaged in the real estate development sector.

The company is involved in land reclamation, real estate development, and general contracting services, such as selling and purchasing land for building and agriculture. It operates it for its account and third parties.

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