Egypt’s SODIC sales likely to exceed EGP 3 billion this year – Pharos

Egyptian investment bank Pharos Holding expected on Sunday that sales of the property developer SODIC will exceed 3 billion Egyptian pounds ($188.3 million) within this year.

During the second quarter of 2020, the company’s sales increased 17.9 percent.

The sales dropped 33.3 percent during the first half of the current year.

The company’s revenues climbed 50.2 percent to 644.9 million pounds during the second quarter of the year.

Meanwhile, revenues dropped 40.0 percent during the first half of this year.