Islamic Gharbia reports lower profit
Updated 3/3/2021 2:08:00 PM
ArabFinance: Islamic Gharbia Company for Developed Buildings (GIHD) reported a 55% Year on Year decline in its net profit in 2020, according to the company’s March 3rd financial statements filed to the Egyptian Exchange.
Net profit stood at EGP 1,751,632 in 2020, compared to EGP 3,892,215 achieved in 2019.
Islamic Gharbia is an Egypt-based public shareholding company engaged in the real estate development sector. The company focuses on the purchase and reclamation of land for the purpose of construction and development activities, general and special contracting, trade in raw materials and construction supplies, and import and export of construction-related materials.
