Construction holding company plans 64% YoY revenue surge

CAIRO – 13 June 2017: The Holding Company for Construction and Development (HCCD) targets LE 16.7 billion ($921 million) in revenues of activities in fiscal year 2017/18, with 64 percent year-on-year increase, the company said Tuesday.

HCCD’s net profit is predicted to record LE 850 million in the coming fiscal year, with 23.5 percent year-on-year hike, chairman Mahmoud Hegazy said in a statement.

With regards to activities of affiliated companies, they are expected to achieve LE 1.2 billion in net profit.

Founded in 1960, the HCCD is affiliated to the Ministry of Public Business Sector. It holds companies working in the fields of contracting, housing, electricity and design.