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.