Arab Finance: Emaar Misr for Development (EMFD) reported a 1.8% year-on-year (YoY) increase in its consolidated net profits after tax during the first nine months of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on November 15th.

The real estate developer recorded EGP 4.98 billion in net profit after tax, compared to EGP 4.89 billion in the first nine months of 2022.

Meanwhile, revenues went up to EGP 10.58 billion from EGP 11.71 billion.

Established in 2007, Emaar Misr is engaged in real estate development operations. It undertakes commercial and residential development projects such as residential villages and communities, business centers, malls, and shopping complexes, villas, townhouses, and apartments.

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