Arab for Development & Real Estate Investment results, Q2 2023
Net profit, assets, equity and cash flow for Q2 2023, against the same period a year earlier, from the published financial statements.
Net profit-32.15 thousandEGP · −112.0% vs the same period a year earlier
Total assets51.25 millionEGP · +8.3% vs the same period a year earlier
Shareholders' equity37.57 millionEGP · +9.7% vs the same period a year earlier
Operating cash flow-290 thousandEGP · −109.3% vs the same period a year earlier
In short
- Arab for Development & Real Estate Investment's net profit for Q2 2023 was about -32.15 thousand EGP, down −112.0% from 267 thousand EGP in Q2 2022.
- Total assets at the end of Q2 2023 were about 51.25 million EGP, and shareholders' equity about 37.57 million EGP.
- Operating cash flow for Q2 2023 was negative at 290 thousand EGP.
Key lines against the same period a year earlier
This periodQ2 2022Change
Net profit-32.15 thousand267 thousand−112.0%
Gross profit206 thousand514 thousand−59.9%
Total assets51.25 million47.31 million+8.3%
Total liabilities13.68 million13.08 million+4.6%
Shareholders' equity37.57 million34.24 million+9.7%
Total liabilities and equity51.25 million47.31 million+8.3%
Operating cash flow-290 thousand3.13 million−109.3%
Investing cash flow-1.83 thousand56.55 thousand−103.2%
Financing cash flow0-3.65 million+100.0%
Net change in cash-292 thousand-470 thousand+37.8%
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.
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