ArabFinance: National Company for Housing for Professional Syndicates (NHPS) incurred a net loss of EGP 3,930,035 in Quarter one (Q1) of 2020, according to the company’s May 20th financial statements filed to the Egyptian Exchange.
It is worth mentioning that the company posted a net profit of EGP 967,188 in Q1 of 2019.
In 2019, the company posted a net profit of EGP 807,219, compared to EGP 3,681,874 a year earlier.
NHPS is an Egypt-based company engaged in real estate development operations. The company is organized into real estate and tourism segments.