Emaar Misr 2022 net profit grows 59.3% y-o-y

Egyptian property developer Emaar Misr reported on Tuesday a 59.3 percent year-on-year growth in profit during 2022.

Net profit recorded 6.56 billion Egyptian pounds ($212.8 million) in 2022 from 4.11 billion pounds in 2021, according to Emaar Misr’s bourse filling.

Revenues also rose to 14.73 billion last year from 11.08 billion pounds a year earlier.