Arab Finance: International Company for Investment and Development (ICID) reported a standalone net profit after tax of EGP 1.981 million in the first nine months of 2023, declining by 21.70% from EGP 2.530 million, according to the financial statement filed to the Egyptian Exchange (EGX) on November 7th.
Revenues edged down by 2.92% YoY to EGP 5.696 million during the January-September period, compared to EGP 5.868 million.
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.