Egypt’s Heliopolis Housing posts 95.7% rise in 2015/16 net profit

Egyptian developer Heliopolis Company for Housing and Development has posted a 2015/16 full year net profit of 400.6 million Egyptian pounds ($45.11 million) throughout versus 204.8 million in previous year.

Revenues reached 658 million Egyptian pounds versus 481 million in same period a year earlier.

Source: Reuters