AREH for Real Estate records Profit Growth in Q3 2016

Sunday, 13th November 2016

Real Estate Egyptian Consortium (AREH) has recorded 10% growth in the third quarter of 2016, according to its financial statements, as reported by Mubasher.

The company stated that it recorded a total of EGP 3.47 mn in net profit in the third quarter of 2016, compared to EGP 3.16 mn in the same period last year.

AREH recorded a net profit of EGP 35.83 during the first nine months of 2016, marking a 243.97% growth compared to the same period of last year.

The company recorded profit of EGP 32.4 mn in the first half of 2016, up 343.8% from the profits recorded in the same period last year.

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