Arab Finance: New Ismailia for Urban Development Company (IDRE) registered EGP 171,314 in net losses after tax in the first nine months of 2023, against net profits of EGP 3.58 million during the same period of 2022, a disclosure revealed.
Operating revenues fell to EGP 649,200 in the nine months ended September 30th from EGP 5.92 million in the year-ago period.
Established in 2010, New Ismailia is an Egypt-based company listed on the EGX since June 2011. It operates within the real estate sector, with a focus on planning and establishing urban areas and developing infrastructure projects.