SODIC + Mashreq earnings jump in 9M 2023
Real estate developer SODIC’s net income rose 26% y-o-y to EGP 548 mn in 9M 2023, it said in a…
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Real estate developer SODIC’s net income rose 26% y-o-y to EGP 548 mn in 9M 2023, it said in a…
Profits for the quarter jumped to AED 4.3 bn from AED 2.9 bn the year before
Solid growth at Taqa Arabia helped offset a drop in revenues at the ERC
Revenues from non-covid-related tests climbed 40% during the period, partially offsetting the fall in covid income
The company’s revenues fell 19% y-o-y during 2Q 2023
Profit after tax almost tripled y-o-y during the first half of the year
The company reported record new sales during the quarter after it hiked prices by up to 70%
Both lenders reported expansion of their loan book, despite sharply higher interest rates
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