EARNINGS WATCH- Real estate company Heliopolis Housing and Development posted net profits of EGP 29.4 mn in 1Q2019-2020, up from EGP 8.7 mn in the same period last year, it said in a statement to the EGX (pdf). The company’s revenues recorded EGP 248.2 mn during the quarter, compared to EGP 193.8 mn in 1Q2018-2019. HHD is presently preparing to offer for sale to a strategic investors a 10% stake in the company plus management rights.

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