El Kahera Housing Says Net Profit 315% Up; H1
El Kahera Housing & Development (ELKA.CA) reported a net profit of EGP 63.367 million during the first half of 2012, 315% higher than a year earlier net profit of EGP 15.273 million.
Revenues through H1/2012 hiked to EGP 322.669 million, compared to EGP 7.827 million during H1/2011. Gross profit, after excluding activity cost, rose to EGP 137.192 million – compared to EGP 6.212 million.
Operating profits, after excluding total expenses, went up to EGP 135.049 million for H1/2012 – compared to EGP 8.951 million a year earlier.
El Kahera Housing’s issued capital is valued at EGP 100 million distributed to 100 million securities in which the par value amounts to EGP 1 per share.
