Arab Finance: Arab Company for Land Reclamation (Arclam) is targeting recording EGP 1.8 million in net profits after tax as per its estimated budget for fiscal year (FY) 2023/2024, according to a statement filed on April 12th.
The firm also revealed its targeted operating revenues for FY 2023/2024 at EGP 136 million.
Arclam is an Egypt-based public shareholding company that operates in the engineering and construction sectors.
The company is active in land reclamation and division; real estate purchase, sale and development; housing development and management of coastal, inland and agricultural properties, and general contracting.