Wadi Kom Ombo logs 47.3% YoY in FY 2021/22
Updated 10/4/2022 2:14:00 PM
Arab Finance: Wadi Kom Ombo for Land Reclamation Company posted a 47.26% year-on-year (YoY) growth in net profit after tax during the fiscal year (FY) 2021/2022, according to financial indicators filed to the Egyptian Exchange (EGX) on Tuesday.
The company’s net profit after tax reached EGP 32.42 million in FY 2021/2022, up from EGP 22.015 million the year before.
Net operating revenue rose to EGP 128.365 million in the period ended on June 30th 2022 from EGP 122.27 million a year earlier.
Wadi Kom Ombo is an Egypt-based company that is engaged in the real estate development sector.
The company is involved in land reclamation, real estate development, and general contracting services, such as selling and purchasing land for building and agriculture. It operates it for its account and third parties.
