Egypt's El Obour’s profits soar 387% YoY in 9 months

Established in 1994, El Obour operates within the real estate sector

Staff Writer, Arab Finance

November 11, 2022

PHOTO

El Obour Company for Real Estate Investment (OBRI) registered a 387.04% year-on-year (YoY) hike in net profit during the first nine months of 2022, according to financial indicators filed to the Egyptian Exchange (EGX) on November 10th.

The company’s net profit after tax rose to EGP 4.048 million in January-September from EGP 831,143 in the same period a year earlier.

Total operating revenue increased to EGP 62.95 million in the nine months ended September 30th from EGP 46.64 million in the prior-year period.

Established in 1994, El Obour operates within the real estate sector, focusing on diversified real estate activities.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.