Cairo - Mubasher: Naeem Holding for Investments, listed on the Egyptian Exchange (EGX) and the Dubai Financial Market (DFM), has achieved a profit of $3.22 million from the sale of real estate assets in 2018.
The dual-listed firm has sold properties valued at $10.21 million last year and invested around $7.06 million into these real estate assets, according to a statement to the EGX.
Earlier this month, Naeem Holding reported a $294,400 in consolidated profits for the full-year ended 31 December 2018, versus a net profit of $1.2 million in 2017.
At the level of standalone business, the company incurred a loss of $432,000 last year, against profits of $1.9 million in 2017.
