Arclam reveals estimated budget for FY 2023/24

Updated 4/13/2023 8:24:00 AM
Arclam reveals estimated budget for FY 2023/24

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.

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