ArabFinance: National Company for Housing for Professional Syndicates (NHPS) reported a net loss of EGP 50.725 million 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 233% when compared to EGP 15.241 million incurred in H1 2020.
The real estate company announced on April 22nd the sale of Le Méridien Heliopolis with EGP 605 million.
NHPS is an Egypt-based company engaged in real estate development operations. The company is organized into real estate and tourism segments.