Egypt’s El Shams Housing nine-month profit rises to 48.4 mln pounds

Egyptian El Shams Housing and Urbanization Company’s nine-month net profit after tax jumped to 48.4 million Egyptian pounds ($2.7 million), the company said on Monday according to a bourse filling.

Earlier, profit stood at 37.9 million pounds during the first nine months of 2016.

The company made revenues worth 83.8 million pounds from 88.4 million pounds last year.