Emaar Misr for Development posts LE 976M in H1

CAIRO – 9 August 2017: Emaar Misr for Development’s profits hiked to LE 976 million ($54.9 million) in the first half of 2017, compared to LE 691 million in the year-ago period, a Wednesday statement said.

As for the second quarter of this year, the company posted LE 539 million, up from LE 436 million in the same period of the previous year.

Revenues fell to LE 1.76 billion in the first six months of 2017 compared to LE 1.78 billion in the first six months of 2016, the statement added.

Earnings per share (EPS) reached LE 0.20 compared to LE 0.14.