Egyptians for Investment reports higher profits in 2021

Updated 3/6/2022 9:48:00 AM

ArabFinance: Egyptians for Investment and Urban Development’s (EIUD) net profit after tax increased to EGP 305,275 during the full year ended December 31st 2021, from EGP 32,863 in 2020, according to financial statements filed to the Egyptian Exchange (EGX) on Sunday.

The company’s revenue declined to EGP 7.037 million in 2021, from EGP 9.528 million in 2020.

Established in 1998, Egyptians for Investment and Urban Development is a Cairo-based company operating in the fields of real estate investment, construction of buildings and resorts, land subdivision, and buying and selling of properties.