Marseilia Group turns to a profit in H1: Egypt

Revenues climbed 48.98% year-on-year (YoY) to EGP 138.296 million in H1 2023 from EGP 92.830 million in the same period last year

Staff Writer, Arab Finance

August 24, 2023

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Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) logged a consolidated net profit after tax of EGP 52.2 million in the first half (H1) of 2023, versus a net loss of EGP 16.526 million in H1 2022, as per the company’s financial statement filed to the Egyptian Exchange (EGX) on August 24th.

Revenues climbed 48.98% year-on-year (YoY) to EGP 138.296 million in H1 2023 from EGP 92.830 million in the same period last year.

Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.

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