Heliopolis Housing reports 11% revenues decrease

On May 21st, the company's ordinary general assembly approved the budget for the fiscal year 2020/2021

  
ArabFinance: Heliopolis Company for Housing and Development (HHD) (HELI) reported revenues of EGP 1.099 billion an 11% year on year decline in the fiscal year (FY) 2019/2020, according to the company’s September 1st statement filed to the Egyptian Exchange.

In FY 2018/2019, the company reports revenues of EGP 1.228 billion.

On May 21st, the company's ordinary general assembly approved the budget for the fiscal year 2020/2021, targeting a net profit of EGP 562.129 million.

Heliopolis Company for Housing, an affiliate of HCCD, is an Egypt-based public shareholding company engaged in construction and housing projects. The company’s operations include land reclamation and subdivision, residential real estate development and management, properties’ purchase and sale, projects’ planning and supervising, as well as the construction of houses, hotels, holiday resorts, and hospitals properties.

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