Photo Credit: Arabianeye - Reuters
El Obour Real Estate Investment
OBRI
OBRI
Cairo – Mubasher: El Obour Real Estate Investment logged EGP 2.2 million ($282,000) loss for the first half of 2015, a rise of 60% from EGP 1.3 million ($166,600) loss reported in the same period a year ago.
Meanwhile, H1 revenues amounted to EGP 17.9 million, up from EGP 17.6 million in H1-14.
The real estate developer earlier posted EGP 501,370 net profit for the first quarter of 2015, versus EGP 664,050 net loss in the same period a year earlier.
Source:
Mubasher
