Real Estate Egyptian Consortium 9-month standalone profits fall to 26mn pounds

State-owned Real Estate Egyptian Consortium company reported Tuesday a drop in its standalone net profits after tax to reach 26 million Egyptian pounds ($1.5 million) during the first nine months of 2017.

Earlier, profits stood at 35.8 million pounds during the first nine months of 2016.

The company made standalone revenues worth 14.6 million from 29.1‍​ million pounds last year.