Egypt: Zahraa Maadi logs $5.09mln net profits in H1-24

In the first quarter of 2024, Zahraa Maadi posted 9.76% YoY higher net profits

Staff Writer, Mubasher

August 12, 2024

PHOTO

Cairo – Zahraa Maadi Investment and Development recorded consolidated net profits after tax valued at EGP 250.88 million in the first half (H1) of 2024, an annual leap from EGP 117.03 million.

Revenues hit EGP 338.96 million in H1-24, up year-on-year (YoY) from EGP 269.18 million, according to the interim financial statements.

Total assets increased to EGP 2.64 billion at the end of June 2024 from EGP 2.54 billion as of 31 December 2023.

In the first quarter (Q1) of 2024, Zahraa Maadi posted 9.76% YoY higher net profits after tax at EGP 83.67 million, compared to EGP 76.23 million.

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.