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Zahraa Maadi sees 10% higher net profits in Q1-24

Zahraa Maadi sees 10% higher net profits in Q1-24
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Zahraa Maadi
ZMID
1.61% 6.30 0.10

Cairo – Mubasher:  Zahraa Maadi Investment and Development posted a 9.76% growth in net profit after tax at EGP 83.67 million during the first quarter (Q1) of 2024, versus EGP 76.23 million in Q1-23.

The sales amounted to EGP 134.23 million in the January-March 2024 period, an annual decrease from EGP 177.69 million, according to the financial results.

Earnings per share (EPS) increased by 8.33% year-on-year (YoY) to EGP 0.13 in Q1-24 from EGP 0.12.

In 2023, the net profits after tax of Zahraa Maadi jumped by 24.18% YoY to EGP 324.23 million from EGP 261.10 million.