ALICO’s profits fall 6% YoY in 2022

Updated 3/15/2023 9:58:00 AM
ALICO’s profits fall 6% YoY in 2022

Arab Finance: Arab Real Estate Investment’s (ALICO) net profits after tax and non-controlling interest inched down 5.9% year on year (YoY) in 2022 to EGP 6.29 million, compared to EGP 6.68 million, according to a financial statement filed to the EGX on March 15th.

Revenues surged 76.8% to EGP 58.02 million last year, from EGP 32.82 million in the prior year.

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