Marseilia Group becomes profitable in H1

Updated 8/13/2023 9:50:00 AM
Marseilia Group becomes profitable in H1

 

Arab Finance: Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) reported EGP 48.091 million in standalone net profits attributable to the holding company for the first half (H1) of 2023, versus a net loss of EGP 19.811 million in the same period a year earlier, according to the financial statement filed to the Egyptian Exchange (EGX) on August 13th.

Net operating revenues climbed 40.12% year on year (YoY) to EGP 128.020 million in H1 2023 from EGP 91.362 million in H1 2022.

Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.

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