Cairo – Mubasher: Marseilia Almasreia Alkhalegeya Real Estate Investment posted a 304% year-on-year jump in its net profits during 2019, the company’s standalone financial statements showed.

The real estate firm’s net profits hiked to EGP 7.96 million last year from EGP 1.97 million in 2018, according to a statement to the Egyptian Exchange (EGX) on Sunday.

Meanwhile, sales soared to EGP 467.08 million in 2019, compared to EGP 352.51 million in the previous year.

It is noteworthy to mention that during the January-September period of 2019, the company’s net profits leapt to EGP 7.18 million from EGP 1.476 million in the corresponding period a year earlier.