State-owned Heliopolis Housing Q1 profit rises to 77mn Egyptian pounds

Net profit after tax of Egypt’s state-owned Heliopolis Company for Housing and Development (HELI) jumped to 77 million Egyptian pounds ($4.3 million), the company said Thursday in a bourse filling.

Earlier, profit stood at 26 million pounds during the first quarter of 2016.

The company made revenues worth 215 million pounds up from 85 million pounds last year.