El Obour for Real Estate Investment logs 64% YoY profit surge in Q1 2024

Updated 5/29/2024 10:09:00 AM
El Obour for Real Estate Investment logs 64% YoY profit surge in Q1 2024

Arab Finance: El Obour Company for Real Estate Investment (OBRI) posted a 63.6% year-on-year (YoY) climb in net profits after tax for the first quarter (Q1) of 2024, according to a disclosure on May 29th.

The company recorded net profits of EGP 3.28 million in Q1 2024, compared to EGP 2.005 million in Q1 2023.

Operating revenue totaled EGP 68.025 million in the three-month period ended March 31st, up from EGP 58.719 million in the same period of 2023.

Established in 1994, El Obour operates within the real estate sector, focusing on diversified real estate activities.

 

Related News