Arab Finance: Al Shams Housing and Urbanization (ELSH) recorded a net profit after tax of EGP 81.514 million in the first nine months of 2023, down by 42.13% from EGP 140.849 million in the same period last year, according to the unaudited financial statement filed to the Egyptian Exchange (EGX) on November 14^th.

Revenue plunged to EGP 175.298 million in the January-September period from EGP 289.293 million in the same period a year earlier.

Al Shams Housing is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings, as well as offering contracting, construction, maintenance, and management services to residential, touristic, and administrative structures.

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