Egypt’s SODIC posts 2015 net profit of $35.9 mln – statement

CAIRO: Egyptian real estate developer SODIC on Wednesday reported consolidated net profit of 321.3 million Egyptian pounds ($35.9 million) for 2015, up from 154.3 million a year earlier, the company said in a statement.

Sixth of October Development and Investment Company, the country’s third-largest listed real estate developer, said revenue for the period rose to 1.47 billion Egyptian pounds from 1.37 billion pounds in 2014.

($1 = 8.9499 Egyptian pounds)

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