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Monday, 19 June 2017

Heliopolis Housing says 11-month net profit exceeds full-year target, buys land plot

Heliopolis Housing announced that its profit figures for the first 11 months of FY 2016-17 have exceeded the targets for the entire year, according to an EGX disclosure. Net profit for the first 11 months registered EGP 374 mn from revenues of EGP 730 mn as at 31 May. The company had projected a total net profit figure for the whole year of EGP 300.1 mn. Heliopolis Housing also announced it is buying a 3.1k sqm plot of land in Cairo for EGP 87.2 mn from the General Company for Electrical Projects (ELEJECT).

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