Misr Real Estate Revenues record $49mln in FY 2014-2015

Misr Real Estate Assets’ total volume of activity revenues reached EGP390.8 million by the end of fiscal year 2014-2015 versus EGP 270.7 million at the same period of previous year, marking 44.3 % growth rate.

The company-affiliated to Misr Insurance Holding Company- announced in a statement that the total profit recorded 252.7 million Egyptian pounds at the end of FY2014-15 opposed to 179.9 million Egyptian pounds for the corresponding period of the previous year, making 44.3% growth rate.

Misr Real Estate Asset Company was established in 2007 and governed by the public business sector companies’ law 203 of 1991 and its executive regulations.

Its main purpose is to manage, sell, rent, hire, construct and maintain all kinds of real estate and in general all types of investments in real estate assets.