logo
Egypt: EIUD's profits soar 1,341% YoY in 2024

Egypt: EIUD's profits soar 1,341% YoY in 2024

Zawya24-02-2025

Egypt - Egyptians for Investment and Urban Development (EIUD) generated net profits after tax valued at EGP 14.997 million in 2024, an annual hike of 1,341% from EGP 1.040 million, according to the financial results.
Earnings per share (EPS) increased to EGP 0.011 in 2024 from EGP 0.001 in 2023, while the total revenues hiked to EGP 28.380 million from EGP 6.118 million.
Established in 1998, the company was established in 1998 under the name El Bonyan Co. for Real Estate and Construction and adopted its current name in 2009.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Egypt: EIUD's board greenlights EGP $296,045 capital raise
Egypt: EIUD's board greenlights EGP $296,045 capital raise

Zawya

timea day ago

  • Zawya

Egypt: EIUD's board greenlights EGP $296,045 capital raise

Arab Finance: The board members of Egyptians for Investment and Urban Development (EIUD) approved raising the issued and paid-up capital to EGP 165 million from EGP 150 million, according to a bourse disclosure. The company will increase its capital by EGP 15 million, distributed over 150 million shares, with a nominal value of EGP 0.10 per share. Accordingly, EIUD will distribute 1-for-10 bonus shares, financed from the retained earnings account for 2024, valued at EGP 17.531 million. Founded in 1998, the company is engaged in real estate development and construction projects. Its activities include investment in real estate, tourism, construction, land subdivision, tourist villages, hotels, restaurants and territorial division, real estate development.

USD/EGP exchange rates edge up at Egyptian banks on mid-Wednesday
USD/EGP exchange rates edge up at Egyptian banks on mid-Wednesday

Zawya

time2 days ago

  • Zawya

USD/EGP exchange rates edge up at Egyptian banks on mid-Wednesday

Arab Finance: The exchange rate of the US dollar to Egyptian pound registered EGP 50.2 for buying and EGP 50.3 for selling at the National Bank of Egypt (NBE) at 11:11 AM. The exchange rate went up, recording EGP 50.44 for purchasing and EGP 50.54 for selling at Banque Misr at 10:54 AM. At the Commercial International Bank Egypt (CIB), the US dollar traded at EGP 50.18 for buying and EGP 50.28 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store