Arab Finance: General Company for Landing Reclamation (AALR) posted a net loss after tax of EGP 41.403 million during the first half (H1), down by 27.1% year-on-year (YoY) from EGP 56.793 million, according to a financial statement filed to the Egyptian Exchange (EGX) on September 3rd.
Sales amounted to EGP 127.132 million in H1 2023, up from EGP 45.109 million in H1 2022.
General Company for Land Reclamation is an Egypt-based company engaged in the real estate development sector. The company focuses on the reclamation and farming desert and port lands for third parties or the sale of them to investors