Real Estate developer, Heliopolis Co for Housing and Development, reports a 196% year-on-year rise in its net profits after taxes in Q1 of FY2017-18, ending on September 30, Invest-Gate reports.

Net profits after taxes reached EGP 77 mn in the first quarter of FY2017-18, compared to EGP 26 mn in Q1 of FY2016-17.

Revenues rose 153% to EGP 215 mn in Q1 of FY2017-18 from EGP 85 mn in Q1 of FY2016-17.