El Obour Real Estate Investment (OBRI), an Egypt-based real estate developer, turned a profit for the first half of 2016, revealed a bourse statement, Mubasher Egypt reported.
OBRI recorded EGP 321,000 in profit in the first half of 2016, against EGP 2.2 million in losses for the same period last year. Net profit for Q1 of 2016 fell 15.18% year-on-year to EGP 425,300.
OBRI was established in 1994, and listed on Egyptian Exchange in 1998. It operates as a real estate and general contracting company.