Leading real estate developer Emaar Misr for Development posts 72% y-o-y increase in profits during Q1 of 2017, Invest-Gate reports.

Emaar  Misr for Development’s net profit during the first quarter in 2017 totalled EGP 437.9 mn, compared to EGP 254.48 mn in the same period a year earlier, according to the company’s financial statement.

Revenues for Q1 of 2017 increased to EGP 668.69 mn, up from EGP 597.42 mn in the same period last year.