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Heliopolis Housing FY13/14 profit jumps 36% y/y to EGP184mln

Heliopolis Housing FY13/14 profit jumps 36% y/y to EGP184mln
Heliopolis Housing
HELI
-1.63% 9.64 -0.16
Egypt’s property developer Heliopolis Company for Housing and Development (Heliopolis Housing) posted financial results for the fiscal year that ended on June 30, 2014.
These results showed EGP 183.860 million net profit, with 36% growth compared with EGP 135.532 million a year earlier.
H1-13/14 profit had netted EGP 65.5 million, with a jump by 69.3% y/y from EGP 38.69 million.
The company is seeking to double its capital that currently stands at EGP 111.257 million.