Egypt’s El Shams for Housing Eyes EGP40mn Profits by 2014-End

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El Shams for Housing and Development Co SAE (ELSH.CA) is seeking attaining EGP40 million by the end of the year in compared to EGP34 million in 2013, Chairman Mahmoud Maghawri revealed.

In statements to Amwal Al Ghad, Maghawri added that the instability condition which faced by investors in the first half of 2014 affected on the company’s business volume and this affected negatively on the profits with 23% in compared to the same period of the previous year.