|16 January, 2020

Cairo Investment’s profit in Q1 2019/20

Revenue surged 56% YoY

Cairo – Mubasher: Cairo For Investment and Real Estate Development has reported EGP 109 million net profit during the first quarter of the fiscal year 2019/2020, up 47% from the year-ago period.

Revenue surged 56% to EGP 313.1 million in Q1-19/20, compared to EGP 200.9 million a year earlier.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) soared 48% YoY to EGP 156.1 million in the three-month period ended 30 November 2019.

Over the period from September 2018 to last August, the EGX-listed firm reported a net profit of EGP 192.57 million, up from EGP 126.37 million in the year-ago period, including minority shareholders’ rights.

Source: Mubasher

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