Arab Finance: First Investment Company and Real Estate Development (FIRE) has registered a 27.6% year-on-year (YoY) decline in net profit after tax during the first quarter (Q1) of 2022, recording EGP 875,460, according to the financial statement filed to the Egyptian Exchange (EGX) on May 31st.
Net revenue plummeted to EGP 2.741 million in Q1 2022 from EGP 3.426 million in Q1 2021.
Established in 2008, First Investment Company operates within the real estate sector focusing on diversified real estate activities.