Marseilia Egyptian Gulf Real Estate Investment H1 Profit Falls

Marseilia Egyptian Gulf Real Estate Investment H1 Profit Falls

Marseilia Egyptian Gulf Real Estate investment announces a fall in profits for the first half of 2017 as its net profit totalled EGP 5.4 mn in 2017 compared to 15.4 mn in the same period a year earlier, Invest-Gate reports.

Meanwhile, the company announces that its sales hit EGP 202.1 mn in the first half of 2017 compared to EGP 236.7 mn in the prior-year period, according to the company’s financial statement.

Menna A. Farouk 368 Posts

Menna A. Farouk is a Cairo-based reporter. She has contributed to several international news organizations, including Deutsche Welle, Al-Monitor and Global Voices.

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