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Al Shams Housing's profit up 10% in 2020 initial results

Al Shams Housing's profit up 10% in 2020 initial results
Revenues increased to EGP 326.9 million last year
Al Shams Housing
ELSH
0.38% 5.32 0.02

Cairo – Mubasher: Al Shams Housing and Urbanization achieved net profits of EGP 149.67 million in 2020, up by 10.4% year-on-year (YoY) from EGP 135.58 million, the unaudited financial results showed.

Revenues increased to EGP 326.9 million last year, compared to EGP 218.76 million in 2019, the company said in a bourse disclosure on Wednesday.

During the first nine months of 2020, the company reported net profits of EGP 106.66 million, up from EGP 96.96 million in the corresponding period a year earlier.