Heliopolis Housing says it netted EGP 76 mn in four months, only completed 59% of plan

Heliopolis Housing sent the EGX a note saying it registered a net profit after tax of EGP 76 mn from July until October 2017, up 292% y-o-y. The company’s revenues also went up by 124% y-o-y to EGP 235 mn during the same period. Heliopolis Housing also noted that it only achieved 59% of its operational plan for the period.