Arab for Development & Real Estate Investment results, Q1 2024
Net profit, assets, equity and cash flow for Q1 2024, against the same period a year earlier, from the published financial statements.
Net profit2.1 thousandEGP · −98.3% vs the same period a year earlier
Total assets59.06 millionEGP · +30.7% vs the same period a year earlier
Shareholders' equity37.91 millionEGP · +0.8% vs the same period a year earlier
Operating cash flow-25.31 thousandEGP · +98.1% vs the same period a year earlier
In short
- Arab for Development & Real Estate Investment's net profit for Q1 2024 was about 2.1 thousand EGP, down −98.3% from 121 thousand EGP in Q1 2023.
- Total assets at the end of Q1 2024 were about 59.06 million EGP, and shareholders' equity about 37.91 million EGP.
- Operating cash flow for Q1 2024 was negative at 25.31 thousand EGP.
Key lines against the same period a year earlier
This periodQ1 2023Change
Net profit2.1 thousand121 thousand−98.3%
Gross profit424 thousand717 thousand−40.8%
Total assets59.06 million45.2 million+30.7%
Total liabilities21.15 million7.6 million+178.1%
Shareholders' equity37.91 million37.6 million+0.8%
Total liabilities and equity59.06 million45.2 million+30.7%
Operating cash flow-25.31 thousand-1.36 million+98.1%
Investing cash flow———
Financing cash flow—-611 thousand—
Net change in cash-25.31 thousand-1.97 million+98.7%
Figures in EGP from the published statement summaries (consolidated where the company publishes consolidated statements), after normalising reporting units across periods. The exact figure is in the attached report, which may be the standalone version. Figures are as shown in the published statement summary; quarterly figures may be cumulative from the start of the fiscal year.
Arab for Development & Real Estate Investment's Q3 2026 results, the day they are published
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