Arclam seeks EGP 185.7M operating revenue in FY 2022/2023

Updated 4/7/2022 1:50:00 PM

ArabFinanceArab Company for Land Reclamation (Arclam) (EALR) is targeting a total operating revenue of EGP 185.67 million in the estimated budget for the fiscal year (FY) 2022/2023, according to a filing to the Egyptian Exchange (EGX) on Thursday.

The company estimated total revenue to be EGP 219.25 million in FY 2022/2023.

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.