Egypt: Marseilia turns to losses in H1

Reuters

Revenues dropped 66.90% year on year

Staff Writer, Arab Finance

August 27, 2024

PHOTO

Egypt - Marseilia Almasreia Alkhalegeya for Holding Investment’s (MAAL) net losses attributable to the parent company hit EGP 40.480 million in the first half (H1) of 2024, compared to net profits worth EGP 52.211 million, according to the company’s unaudited financial indicators on August 27th.

Revenues dropped 66.90% year on year (YoY) to EGP 45.770 million from EGP 138.296 million in H1 2023.

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

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.