Arab Real Estate Investment Co. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 14, 2021 at 05:03 am
Arab Real Estate Investment Co. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was EGP 9.15 million compared to EGP 10.8 million a year ago. Net income was EGP 2.06 million compared to EGP 5.31 million a year ago. Basic earnings per share from continuing operations was EGP 0.008 compared to EGP 0.022 a year ago.
For the nine months, sales was EGP 25.53 million compared to EGP 32.31 million a year ago. Net income was EGP 10.98 million compared to EGP 12.25 million a year ago. Basic earnings per share from continuing operations was EGP 0.045 compared to EGP 0.05 a year ago.