Cairo - Mubasher: Cairo for Investment and Real Estate Development (CIRA) achieved consolidated net profits of EGP 458.2 million in the nine-month period ended 31 May, up by 38.4% year-on-year (YoY) from EGP 330.9 million, including minority shareholders' rights. 

The revenues grew to EGP 1.27 billion from September 2020 to the end of May 2021, compared to EGP 991.8 million in the corresponding period a year earlier, CIRA said in a statement to the Egyptian Exchange (EGX) on Thursday. 

Moreover, the standalone net profits levelled up to EGP 238.8 million in the nine-month period, compared to EGP 180.68 million in the same period in the prior year. 

The company’s fiscal year (FY) begins on 1 September and ends on 31 August.

During the six-month period ended 28 February, CIRA logged net profits of EGP 246.05 million, up from EGP 223.734 million in the year-ago period, including minority shareholders’ rights.