Arclam’s profit surges in FY 2020/2021
Updated 11/2/2021 5:04:57 PM
ArabFinance: Arab Company for Land Reclamation (Arclam) (EALR) reported a net profit after tax of EGP 1.26 million in fiscal year (FY) 2020/2021, compared to a profit of EGP 760,531 in FY 2019/2020, according to the company’s financial statement filed to the Egyptian Exchange (EGGX).
Revenues amounted to EGP 102.12 million in FY 2020/2021, up from EGP 79.07 million in FY 2019/2020.
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.
