Heliopolis Housing Profits Hit EGP 37 4m in 11 Months

Monday, 19th June 2017

Heliopolis Company for Housing and Development (HELI) posts a net profit of EGP 374 mn for the first 11 months of the fiscal year 2016-2017, up by EGP 74 mn compared to the same period last year, Invest-Gate reports.

According to a bourse filing,  HELI revenues for the first 11 months of fiscal year 2016/17 amounted to EGP 730 mn. The company earlier reported a net profit of EGP 135.8 mn for the first nine months of FY16/17,  according to the statement.

Meanwhile, the Heliopolis Co. For Housing and Development Board approves purchase of land owned by Eleject for total value of EGP 87.2 mn.

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