Arab Finance: National Company for Housing for Professional Syndicates (NHPS) has turned to a profit in the second quarter (Q2) of 2022, with a net profit after tax of EGP 16.64 million, versus a net loss of EGP 3.81 million in Q2 2021, according to the financial statement filed to the Egyptian Exchange (EGX) on August 10th.
In the first half (H1) of 2022, the company achieved a net profit after tax of EGP 27.15 million, compared to a net loss of EGP 50.72 million in H1 2021.
NHPS is an Egypt-based company engaged in real estate development operations. The company is organized into real estate and tourism segments.