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National Real Estate H1 profit slumps 60% to EGP5.3 mln

National Real Estate H1 profit slumps 60% to EGP5.3 mln
The board of National Real Estate Bank for Development (NRPD) endorsed financial indicators for H1 that ended on June 30, 2014.
These indicators showed EGP 5.3 million net profit (EGP0.97 EPS), with a drop by 60% compared with EGP 13.2 million (EGP 3.2 EPS) in H1-13.
H1 total revenues amounted to EGP 24.4 million, with a 33% increase year-over-year from EGP 18.3 million.
FY13 net profit had amounted to EGP 15.943 million, compared with EGP 5.243 million in FY12.