Home Feature Egypt’s Orascom Development 9-month net real estate sales jump 218.7%

Egypt’s Orascom Development 9-month net real estate sales jump 218.7%

by Maha Essam
Orascom Development

Egyptian Orascom Development Holding reported on Wednesday a 218.7 percent year-on-year growth in net real estate sales during the first nine months of the year.

Net real estate sales recorded 5.5 billion Egyptian pounds ($340.8 million), up from 1.74 billion pounds during the first nine months of 2018.

Revenues reached 3.3 billion pounds versus 2.4 billion pounds during the same period last year, marking a 39.4 percent growth.

Profits before interest, tax, depreciation, and amortization also surged 6.7 percent to 1.1 billion pounds, compared with 987.5 million pounds during the first nine months of 2018.

You may also like

Leave a Comment