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Egyptian Real Estate Group Q2 standalone profit rises 9.5%

Egyptian Real Estate Group Q2 standalone profit rises 9.5%
Egyptian Real Estate Group posted unaudited non-consolidated financial statements for Q2-14, which mirrored EGP 4.798 million net profit, with 9.5% growth year-over-year from EGP 4.383 million.
The company had reported a decline by 29% in Q1-14 net profit to EGP 1.7 million, compared with EGP 2.4 million in the same period a year earlier.
FY13 net profit had grown 20.3% to EGP 7.226 million, compared with EGP 6.008 million in FY12.