Egypt’s state-run Misr Real Estate Assets FY19 revenues 29.4% up

Egypt’s state-run Misr Real Estate Assets Management posted a 29.4 percent growth in revenues during the financial year 2018/2019, said its chairman on Saturday.

Revenues registered 474.6 million Egyptian pounds ($29.4 million), up from 366.7 million pounds the 2017/2018, Abdel Nasser Taha added.

Misr Real Estate Assets, an affiliate to Mir Insurance Holding, achieved profits totalled 291.8 million pounds during the last financial year against 192.6 million pounds a year earlier, marking a 51.5 percent surge, Taha said.