Cairo for Housing and Development (CHD) recorded a 266.2% profit increase in the third quarter of 2016, according to a financial statement released on Sunday, Mubasher reported.

The company has recorded profits of EGP 137.5 mn in the period between July and September, compared to the EGP 37.6 mn that was recorded during the same period last year.

Total profits registered EGP 195.6 mn during the first nine months of 2016 compared to EGP 133.7 mn registered during the first nine months of 2015, recording a 46% increase.