Islamic Gharbia Housing Development posted net profits of EGP 1.124 for the first quarter of 2015, compared with EGP 115,277 for the same period of 2014.
The company's gross profits rose to EGP 1.628 million in Q1-15 from EGP 181,000 for the same period of the previous year.
Meanwhile, the company posted net profits of EGP 1.7 million for 2014, a surge of 42% from the previous year.
Gharbia Islamic is capitalised at EGP 22.5 million, distributed across 5.6 million shares at EGP 4 par value each.
