Arab Finance: Marseilia Almasreia Alkhalegeya for Holding Investment recorded consolidated net profits after tax and non-controlling interest surged of EGP 41.894 million during the nine months to September 30^th of 2023, against net losses of EGP 13.37 million over the same period in 2022, as per a statement on November 9^th.

Revenues dropped 33.8% year on year (YoY) to EGP 171.727 million in the nine-month period from EGP 259.516 million.

Likewise, the standalone results showed net profits after tax of EGP 33.7 million from January to September, versus EGP 18.744 million in net losses over the corresponding period a year ago.

Meanwhile, standalone revenues dropped 37.4% YoY to EGP 153.02 million from EGP 244.567 million.

Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.

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