North Africa Real Estate Investment (NOAF) posted a drop by 38% in H1-14 net profit to EGP 5.8 million, from EGP 9.3 million in the corresponding period a year earlier.
The company’s Q1 financial results had shown EGP 2.6 million net profit, with 9% growth year-over-year from EGP 2.4 million.
FY13 net profit had amounted to EGP 7.6 million, compared with EGP 2.6 million a year earlier.