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Court confirms Heliopolis Housing ownership of Cairo-Ismailia road land

Court confirms Heliopolis Housing ownership of Cairo-Ismailia road land
Heliopolis Housing
HELI
-1.63% 9.64 -0.16
Property developer Heliopolis Housing said that Cairo Appeal Court issued a final verdict confirming its ownership of a 260 feddan land, located in Cairo-Ismailia desert road.

The court annulled the selling contract for the former Minister of Agriculture, Mohamed Abul Enein.
The company's financial statements for the period from July 1, 2013 to March 31, 2014, showed 37.3% increase in net profit to EGP 122.5 million net profit, from EGP 89.2 million net profit in the same period a year earlier.