Cairo – Mubasher: Financial statements of Arab Real Estate Investment (ALICO) for the first quarter of the current year revealed a 121% year-on-year surge in the company's net profits.
According to the financial statements sent to the Egyptian Exchange (EGX) today, the company achieved a net profit of EGP 7.034 million during the period from January to the end of March 2026, compared to a net profit of EGP 3.18 million during the corresponding period of 2025.
The company's sales reached approximately EGP 16.077 million by the end of March 2026, compared to EGP 24.033 million in the same period of the previous year.
On the other hand, the cost of sales declined to record EGP 10.607 million during the first quarter of 2026, compared to EGP 22.52 million in the corresponding period of 2025.
