Heliopolis Housing’s Net Profit Falls 10.8%; H1

Heliopolis Housing (HELI.CA)’s financial statements for H1/2012 revealed a net profit of EGP 38 million,  representing a decline of 10.8%, compared to a net profit of EGP 43 million for the same period a year earlier.

The company’s working capital rose to EGP 345 million, compared to EGP 330 million a year earlier. The total investments also hiked to EGP 368 million, compared to EGP 354 million for the same period a year earlier.