UNIT
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.