El Shams Pyramids logs $943,775 profit in Q1

Updated 5/16/2023 10:56:00 AM
El Shams Pyramids logs $943,775 profit in Q1

Arab Finance: El Shams Pyramids for Hotels and Touristic Projects achieved net profits after tax amounting to $943,775 during the first quarter (Q1) of 2023, versus net losses of $360,606 during the same quarter a year earlier, the firm’s financial statement revealed on May 16th.

The company's revenue loss dropped to $167.766 during the three-month period ended March 31st, from $198,294 during the first three months of 2022.

Al Shams Housing is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings, as well as offering contracting, construction, maintenance, and management services to residential, touristic, and administrative structures

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