Al Shams Housing’s profits surge 78% YoY in 2022

Updated 2/26/2023 12:35:00 PM
Al Shams Housing’s profits surge 78% YoY in 2022

Arab Finance: Al Shams Housing and Urbanization posted a 78.3% year-on-year (YoY) increase in its net profits after tax in 2022, according to the company’s financial income statement filed to the EGX on February 26th.

Net profits after tax stood at EGP 149.47 million last year, compared to EGP 83.84 million in 2021.

Operating revenues went up 74.3% to EGP 390.29 million in 2022, compared with EGP 223.89 million in 2021.

Related News