Zahraa Maadi’s profits up 2.49% in 9M-22 unaudited results

Cairo – Mubasher: The unaudited financial statements of Zahraa Maadi Investment and Development showed a 2.49% annual rise in net earnings after tax to EGP 216.26 million during the first nine months (9M) of 2022 from EGP 211.01 million.

Basic earnings per share (EPS) recorded EGP 0.35 in 9M-22, up 6.06% when compared to EGP 0.33 in 9M-21, according to a stock exchange statement on Tuesday.

The company’s sales stood at EGP 413.95 million during the January-September 2022 period, a 254.90% jump from EGP 116.62 million in the year-ago period.

In 2021, the company’s unaudited financial statements revealed a 28.99% yearly rise in net profits after tax to EGP 274.86 million, compared to EGP 213.09 million.               

The EPS reached EGP 0.88 last year, versus EGP 0.67 in 2020.

Mubasher Contribution Time: 08-Nov-2022 09:29 (GMT)
Mubasher Last Update Time: 08-Nov-2022 09:31 (GMT)