Arab Developers Holding’s net profit increases in Q1 of 2023

Arab Developers Holding’s net profit increased to 15.18 million Egyptian pounds in the first quarter of 2023, according to its announcement on Monday. The company’s profits went up from 8.66 million pounds during the same quarter last year.

In the company’s statement to the Egyptian Stock Exchange (EGX), the company said that its revenues increased by around 37 percent during the first three months of the current fiscal year.

The revenues reached 255.7 million pounds, up from 186.5 million pounds during the same period the year before, the statement mentioned.