Wadi Kom Ombo’s profits surge 52% YoY in FY2022/23

Updated 9/12/2023 11:12:00 AM
Wadi Kom Ombo’s profits surge 52% YoY in FY2022/23

Arab Finance: Wadi Kom Ombo for Land Reclamation Company has posted a 51.5% year-on-year net profits after tax in the fiscal year (FY) 2022/2023, the firm disclosed on September 12th.

The company recorded net profits of EGP 25.530 million in last FY, up from EGP 16.850 million in the prior FY.

Operating revenues recorded EGP 117.846 in FY 2022/2023, compared to EGP 116.511 million during the previous FY.

Wadi Kom Ombo is an Egypt-based company that is engaged in the real estate development sector.

The company is involved in land reclamation, real estate development, and general contracting services, such as selling and purchasing land for building and agriculture. It operates it for its account and third parties.

 

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