Close ad

Egypt's Nasr City Housing 9-month profit falls 31 per cent

Reuters, Tuesday 15 Nov 2011

Egyptian developer Nasr City Housing posted a 31 per cent drop in nine-month net profit to LE40.7 million (US$6.8 million), the stock exchange said on Tuesday.

The formerly state-run group, now about 30 per cent-owned by Beltone Financial's private equity arm, posted a net profit of LE58.6 million in the same period last year. 

Short link:

 

Also In Economy

# SCZone, Turkey's Ukinox to build $14 mln kitchen sink factory in Ain Sokhna Industrial Zone
# Weaker pound unlikely to reignite inflation despite dollar near EGP 51: Experts
# Global oil buffers depleted after Strait of Hormuz disruption: IMF
# Egypt’s exporter arrears repayment rises by 55% to EGP 28 bln: Minister
# USD surges closer to EGP 51 at Tuesday’s close
# Egypt's gold, silver investment funds attract 329,000 investors as assets climb to EGP 9.3 bln
# Egyptian pound weakens to over EGP 50/$1 on Monday’s COB
# Egypt’s trade deficit widens by 20.2% to $4.8 bln in April: CAPMAS
#