Al Khair River’s profits dip 14% YoY in 9 months

Updated 11/13/2023 10:29:00 AM
Al Khair River’s profits dip 14% YoY in 9 months

Arab Finance: Al Khair River for Development Agricultural Investment and Environmental Services (KRDI) posted a 13.7% year-on-year (YoY) drop in net profits after tax in the nine months ended on September 30th of 2023, the company’s financial indicators showed.

Net profits amounted to EGP 17.705 million in the nine-month period, down from EGP 20.524 million during the same period of 2022.

Meanwhile, revenues saw a 33% YoY surge to EGP 115.97 million from EGP 87.206 million.

Al Khair River is an EGX-listed company since December 29th 2021 that operates in a number of major sectors, including land reclamation, provision of equipment and facilities to lands, and planting reclaimed lands using modern irrigation methods, in addition to livestock and poultry farming.

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