ArabFinance: Islamic Gharbia Company for Developed Buildings (GIHD) posted a net profit of EGP 238,226 in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 8.5% when compared to EGP 219,464 in H1 2020.

Islamic Gharbia’s 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.