Mubasher TV
Contact Us Advertising   العربية

Heliopolis Housing reveals reason behind delay in filing Q2-20/21 financials

Heliopolis Housing reveals reason behind delay in filing Q2-20/21 financials
The board of directors will hold a meeting next week to approve the financial statements
Heliopolis Housing
HELI
-1.63% 9.64 -0.16

Cairo – Mubasher: Heliopolis Company for Housing and Development said that the publication of the financial statements for the period ended 31 December 2020 was delayed due to limiting the numbers of staff allowed on the premises as protective measures against the second wave of the coronavirus (COVID-19) pandemic.

The board of directors will hold a meeting next week to approve the financial statements for the second quarter of fiscal year 2020/2021, the company said in a bourse disclosure on Monday.

During the first quarter (Q1) of FY20/21, Heliopolis Housing incurred net losses of EGP 41.23 million, against net profits of EGP 29.39 million in the year-ago period.