Marseilia profits plunge 85.1% in 9M

Cairo – Mubasher: Marseilia Almasreia Alkhalegeya Real Estate Investment on Thursday posted an 85.1% year-on-year decline in consolidated profits for the first nine months of 2018.

Profits reached EGP 1.47 million in the January-September period, compared to EGP 9.95 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX).

It is worth noting that Marseilia previously reported a net profit of EGP 1.16 million for the first half of this year, versus EGP 5.39 million in H1-17.

In the first six months of 2018, the company recorded EGP 118.98 million in revenue, versus EGP 204.8 million in H1-17.

Mubasher Contribution Time: 15-Nov-2018 13:12 (GMT)
Mubasher Last Update Time: 15-Nov-2018 13:12 (GMT)