Arab Finance: International Company for Investment and Development (ICID) reported a consolidated profit after tax of EGP 4.12 million in the first half (H1) of 2023, rising by 413.19% from EGP 838,037 in H1 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on August 14th.
Moreover, the company achieved a standalone net profit after tax of EGP 2.181 million in H1 2023, compared to EGP 577,018 in the same period last year, according to the standalone financial statement.
International Company for Investment and Development is an Egypt-based company engaged in investment activities in different business sectors. The company invests in the real estate and housing sector, contracting projects, reclamation of desert lands, financial leasing and other investments.