ArabFinance: Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) reported a 36.14% year-on-year (YoY) in consolidated net profit after tax in 2021, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX).
Consolidated net profit after tax amounted to EGP 26.23 million in the full-year ended December 31st 2021, compared to a profit of EGP 19.27 million in 2020.
The company also generated consolidated revenue of EGP 534.92 million in 2021, rising by 29.13% YoY from EGP 414.266 million.
Meanwhile, the company’s standalone net profit after tax increased by 3.17% to EGP 20.52 million last year from EGP 19.89 million in 2020.
Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.