Cairo Investment and Real Estate Development posted non-consolidated financial statements for H1-14, which mirrored a decline in net profit by 18% to EGP 8.3 million, compared with EGP 10.1 million in the same period a year earlier.
The company’s Q1-14 net profit had reached EGP 10.3 million, compared with EGP 12.3 million in Q1-13.
FY13 net profit had amounted to EGP 19.1 million, compared with EGP 23.5 million a year earlier.