Heliopolis Company targets to invest $15.68mln in H2-22

In FY21/22, Heliopolis Company reported $34.81mln in profit

Staff Writer, Mubasher

September 22, 2022

PHOTO

Cairo – Heliopolis Company for Housing and Development announced new updates to its budget for the current year.

The real estate developer aims to invest EGP 297 million during the second half (H2) of 2022 and EGP 403 million during fiscal year (FY) 2023, according to a bourse disclosure on Wednesday.

Moreover, the company intends to generate revenues of EGP 328 million and EGP 872 million during H2-22 and FY23, respectively.

In FY21/22, Heliopolis Company reported EGP 659.33 million in profits, a surge from EGP 180.15 million a year earlier.

Meanwhile, the company’s revenues stood at EGP 1.81 billion in FY21/22, compared to EGP 574.18 million in FY20/21.

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.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO