Egypt's SODIC swings to Q3 profit

Reuters, Wednesday 14 Nov 2012

Egypt's SODIC, the country's third-biggest listed property developer, reported a third-quarter net profit of 46.8 million Egyptian pounds ($7.67 million), the firm said in a statement carried by the stock exchange on Wednesday.

SODIC had reported a net of loss of 38 million pounds for the same period a year earlier, the statement said.

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