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Real Estate Egyptian Consortium posts 24% profit rise despite revenue drop

Businessmen Team banks-exchange 23 November 2025 11:58 PM
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Real Estate Egyptian Consortium posts 24% profit rise despite revenue drop

The financial statements of Real Estate Egyptian Consortium revealed that the company’s profit rose by 24.08 percent year-on-year during the first nine months of 2025.

The company stated that it recorded a net profit of EGP 1.7 million from January to the end of September 2025, compared to EGP 1.37 million during the same period in 2024.

Revenues, however, fell to EGP 9.26 million during the first nine months of the year, down from EGP 19.54 million in the same period last year.

Meanwhile, operating costs declined to EGP 1.39 million, compared to EGP 10.64 million in the same period of 2024.