Arab Real Estate Investment Co. (ALICO) posted consolidated net profit of EGP 6.7 million for H1-14, with 4% growth year-over-year from EGP 6.4 million.
The company’s standalone financial results for H1-14 showed EGP 6.7 million net profit, compared with EGP 6.4 million net profit in H1-13.
FY13 net profit had amounted to EGP 8 million, compared with EGP 1.7 million in FY12.