ArabFinance: Arab Development and Real Estate Investment (ADRI) reported a net profit after tax of EGP 1.21 million for the first nine months of 2021, down from EGP 1.87 million recorded in the year-ago period, according to the company’s financial statement filed to the Egyptian Exchange (EGX).
Earnings per share (EPS) stood at EGP 0.021 in the nine-month period ended September 30th, 2021, compared to EPS of EGP 0.0316 in the same period of 2020.
Operating revenue fell to EGP 4.37 million in the January-September period of 2021 from EGP 7.99 million in the prior-year period.
Launched in 2011 and listed on EGX in 2014, the company's operations are focused on real estate development. It has one subsidiary operating across Egypt, working on real estate investment trusts.