Egypt: City Lab sees 54% profit growth in 9 months

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Additionally, for the three-month period ending June 30th, 2024, the company recorded a net profit of EGP 3.375mln

Staff Writer, Arab Finance

October 28, 2024

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Egypt - City Lab (CILB) reported a 54% year-on-year (YoY) increase in net profit for the first nine months of 2024, reaching EGP 8.78 million, up from EGP 5.69 million during the same period in 2023, as per a disclosure.

Additionally, for the three-month period ending June 30th, 2024, the company recorded a net profit of EGP 3.375 million, compared to EGP 1.063 million in the same period a year earlier.

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