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Atlas for Land Reclamation posts EGP 1.1m profits in 9m

Atlas for Land Reclamation posts EGP 1.1m profits in 9m
Photo Credit: Arabianeye - Reuters
Atlas
AIFI
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Cairo - Mubasher: Atlas for Land Reclamation reported net profits of EGP 1.1 million for the first nine months of 2015.

The company's revenues stood at EGP 2.1 million at the similar period a year earlier.

Meanwhile, the company's standalone financial statements reflected losses of EGP 711,260, against profits of EGP 47,000 a year earlier.

The firm is capitalised at EGP 59.2 million, distributed across 5.9 million shares at EGP 10 par value each.