{"id":664396,"date":"2025-04-29T00:00:00","date_gmt":"2025-04-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/29\/sodics-bottomline-rises-144-y-o-y-in-1q-2025\/"},"modified":"2025-04-29T00:00:00","modified_gmt":"2025-04-29T00:00:00","slug":"sodics-bottomline-rises-144-y-o-y-in-1q-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/29\/sodics-bottomline-rises-144-y-o-y-in-1q-2025\/","title":{"rendered":"SODIC\u2019s bottomline rises 144% y-o-y in 1Q 2025"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our friends at real estate giant SODIC reported a <\/strong><strong>143.7%<\/strong><strong> y-o-y jump in net income in 1Q <\/strong><strong>2025<\/strong> to EGP 950.7 mn for the three-month period, the company said in its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/4\/1766.pdf\" style=\"\" rel=\"noopener\">financial statement (pdf)<\/a>. The increase represents a nearly 3x increase on the EGP 390 mn the company reported in the same period last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Their topline was also up 50.0% in the first quarter of 2025,<\/strong> coming at EGP 2.8 bn, up from EGP 1.8 bn in 1Q 2024. The company also recorded EGP 3.0 bn in net contracted sales during the quarter, alongside a net cash collection of EGP 4.1 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving growth was its Villette project with 80 units delivered totalling EGP 949 mn<\/strong>, followed by its Six West Commercial with 27 units that brought in EGP 876 mn. Third on the list is its Six West Residential project with EGP 574 mn through 16 units.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company\u2019s revenues rose 50% y-o-y to EGP 2.76 bn in 1Q 2025.<\/p>\n","protected":false},"author":1,"featured_media":664397,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[409,72,83,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-664396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam","tag-real-estate","tag-sodic","wpautop","entry"],"acf":{"mongo_id":"cd8ab8b3-b6cb-4f6f-9708-a3e4fb07307c","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/419.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SODIC\u2019s bottomline rises 144% y-o-y in 1Q 2025","related_issue":[664381],"teaser":"The company\u2019s revenues rose 50% y-o-y to EGP 2.76 bn in 1Q 2025.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.e6ab46dd-ee05-4b26-8978-198d23db4ad6.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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MNHD\u2019s earnings statement showed that net income fell 70% y-o-y in\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546057,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/earnings-watch-sodic-idh-fawry-obour-land\/","url_meta":{"origin":664396,"position":3},"title":"Earnings Watch: SODIC, IDH, Fawry, Obour Land","author":"enterpriseam admin","date":"26 April 2022","format":false,"excerpt":"Real estate giant SODIC\u2019s bottom line more than doubled y-o-y in 1Q 2022 to reach EGP 226 mn, according to the company\u2019s earnings release (pdf). Revenues for the quarter came in at EGP 1.19 bn, rising 40% y-o-y.Meanwhile, our friends at the upmarket real estate developer delivered record first-quarter gross\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590203,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/16\/qalaa-holding-1q-2023-revenues-up\/","url_meta":{"origin":664396,"position":4},"title":"Qalaa Holding 1Q 2023 revenues up","author":"enterpriseam admin","date":"16 July 2023","format":false,"excerpt":"Revenues increased rose 62% on strong refining margins at the Egyptian Refining Company","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/577.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586626,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/15\/qalaa-revenues-more-than-double-in-2022-on-record-refining-margins-plus-cib-ode-report-1q23-earnings\/","url_meta":{"origin":664396,"position":5},"title":"Qalaa revenues more than double in 2022 on record refining margins. PLUS: CIB, ODE report 1Q23 earnings","author":"enterpriseam admin","date":"15 May 2023","format":false,"excerpt":"High oil prices fueled a 162% rise in revenues at the Egyptian Refining Company","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/778.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/664396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=664396"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/664396\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/664381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/664397"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=664396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=664396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=664396"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=664396"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=664396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}