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United Housing profits up 25% in 9M

United Housing profits up 25% in 9M
The company achieved a net profit of EGP 96.57 million in the period between January and September
United Co for Housing
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Cairo – Mubasher: United Co for Housing and Development on Thursday announced its consolidated profits rose by 24.7% year-on-year during the first nine months of this year.

The company achieved a net profit of EGP 96.57 million in the period between January and September, versus EGP 77.42 million in the same period last year, according to a filing to the Egyptian Exchange (EGX).

Meanwhile, standalone profits surged to EGP 96.8 million in the nine-month period of 2018, versus EGP 77.44 million in the year-ago period.

It is worth noting that United Housing previously posted a 31.3% increase in consolidated profits for the full-year ended December 2017, compared to EGP 72.31 million in profits a year earlier.