ArabFinance: Arab Company for Land Reclamation (Arclam) (EALR) targeted a net profit of EGP 1.950 million for the fiscal year (FY) 2021/2022, according to the company’s March 10th statement to the Egyptian Exchange.
It’s worth mentioning that Arclam has targeted revenues of EGP 112.300 million ending June 2022.
The company logged EGP 633,458 net profit in 2020, compared to EGP 73,456 in 2019.
Arclam is active in land reclamation and division; real estate purchase, sale, and development; housing development and management of coastal, inland, and agricultural properties, and general contracting in the coastal and desert areas.