Egypt’s SODIC Says 2014 Net Profit 154.3mln Egyptian pounds

SODIC, Egypt’s third-largest listed property developer, said it made a net profit of 154.3 million Egyptian pounds ($20.2 million) in 2014 after a loss of 477.1 million pounds the previous year.

SODIC, also known as Sixth of October Development and Investment Co., said in a statement on Thursday it had revenues of 1.37 billion pounds in 2014, up from 1.32 billion a year earlier. ($1 = 7.6300 Egyptian pounds).

Source: Reuters