Porto Group will deliver its remaining contracted units by the end of 2017 without demanding any additional costs, reported Al Borsa.
The company decided not to raise costs as the current prices are commensurate with the budget drafted for this fiscal year. Porto Group recorded profits amounting to EGP 2.01 bn in the first nine months of 2016, delivering 325 units for a total of EGP 646 mn from its various projects, including Porto October, Porto Cairo, Porto New Cairo, and Port Matrouh.
Contractual sales for the company increased by 19% in the first nine months of 2016, amounting to a total of EGP 6.2 bn compared to EGP 5.2 bn which was achieved last December in 2015.
Porto Group has also launched sales for its project Porto Pyramids.