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El Kahera Housing half-year profits surge 34.5%

El Kahera Housing half-year profits surge 34.5%
Photo Credit: Arabianeye - Reuters
El Kahera Housing
ELKA
-2.65% 1.51 -0.04

Cairo-Mubasher: El Kahera Housing saw an increase of 34.5% to EGP 96.17 million in net profits for the first half of 2015, up from EGP 96.17 million for the same period of 2014.

The company's gross reached EGP 160.8 million in the first half of 2015, compared with EGP 77.38 million in the similar period of the previous year.

Meanwhile, in the second quarter of 2015, the firm posted net profits of EGP 72 million compared with EGP 29 million for the corresponding period of the preceding year.

As for the first quarter of 2015, the first reported net profits of EGP 24.17 million down from EGP 42.4 million in the similar period of 2014.