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United Housing’s profit grows 26% in 2019

United Housing’s profit grows 26% in 2019
The company’s sales retreated to EGP 145.801 million
United Co for Housing
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Cairo – Mubasher: The consolidated financial statements of United Company for Housing and Development showed a 26.03% year-on-year increase in its net profits in 2019.

The company’s net profits rose to EGP 132.15 million last year from EGP 104.86 million in 2018, including minority shareholders’ rights, according to a bourse disclosure on Monday.

In the meantime, the company’s sales retreated to EGP 145.801 million in 2019 from EGP 165.109 million in the previous year.

As for standalone business, the company logged net profits of EGP 122.445 million last year, up from EGP 104.20 million in 2018.

It is noteworthy to mention that during the first nine months of 2019, the Egyptian firm’s net profits went up to EGP 127.39 million from EGP 96.57 million in the corresponding period in 2018, including minority shareholders’ rights.