Cairo – Mubasher: ElSaeed Contracting and Real Estate Investment Company recorded consolidated net profits valued at EGP 89.89 million in the first nine months (9M) of 2024.
The generated profits were compared with EGP 102.68 million in 9M-23, according to the financial results.
Revenues hit EGP 1.60 billion as of 30 September 2024, down year-on-year (YoY) from EGP 2.05 billion.
The earnings per share (EPS) fell to EGP 0.12 in 9M-24 from EGP 0.14 during the same period in 2023.
Standalone Financials
ElSaeed Contracting generated EGP 80.70 million in net profit after tax at the end of September 2024, an annual drop from EGP 96.04 million.
Non-consolidated revenues plummeted to EGP 1.58 billion in the nine-month period from EGP 2.02 billion in 9M-23, while the EPS decreased to EGP 0.09 from EGP 0.11.
Financials for Q3-24
In the third quarter (Q3) of 2024, the consolidated net profit amounted to EGP 14.08 million, down YoY from EGP 31.98 million.
Revenues retreated to EGP 362.40 million in Q3-24 from EGP 728.42 million in Q3-23, while the EPS plunged to EGP 0.01 from EGP 0.04.
As of 31 March 2024, the consolidated net profits amounted to EGP 61.03 million, up YoY from EGP 54.67 million.
