Heliopolis Housing’s in Egypt profits leap 234.8% YoY in 6 months

Heliopolis Housing and Development (HELI) logged a net profit after tax of EGP 603.239 million in the first half (H1) of fiscal year (FY) 2022/2023, up by 234.8% year on year (YoY) from EGP 180.15 million, according to the company’s financial statement sent to the Egyptian Exchange (EGX) on March 30th.

The company’s operating revenues grew to EGP 1.99 billion in the six-month period ended December 31st, compared to EGP 641.477 million in the same period of FY 2021/2022.

Heliopolis Housing is a leading Egypt-based real estate development company that operates in land reclamation and subdivision, residential real estate development and management, property purchase and sale, as well as projects’ planning and supervising.