Al Shams Housing posts EGP 81.4M profits in 2021
Updated 3/10/2022 10:27:55 AM
ArabFinance: Al Shams Housing and Urbanization’s (ELSH) net profit dropped to EGP 81.429 million in 2021, from EGP 149.674 million in 2020, according to financial indicators filed to the Egyptian Exchange (EGX) on Thursday.
The company’s sales plummeted to EGP 224.59 million in the full year ended December 31st 2021, from EGP 326.973 million in 2020.
Al Shams Housing is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings, as well as offering contracting, construction, maintenance, and management services to residential, touristic, and administrative structures.
