Nasr City full-year net profit down 25 pct

Reuters
1 Min Read

Egyptian developer Nasr City Housing posted a 25 percent fall in full-year net profit, the bourse said on Tuesday.

The formerly state-run company, now about 30 percent owned by Beltone Financial’s private equity arm, posted a net profit of LE 86.3 million ($15 million) for the year to end-June.

Nasr City shares closed 1.8 percent lower on Tuesday, while Egypt’s benchmark index was little changed.

 

 

TAGGED:
Share This Article
By Reuters
Follow:
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms.