Arab for Development & Real Estate Investment results, Q2 2024
Net profit, assets, equity and cash flow for Q2 2024, against the same period a year earlier, from the published financial statements.
Net profit16.56 thousandEGP · +151.5% vs the same period a year earlier
Total assets56.83 millionEGP · +10.9% vs the same period a year earlier
Shareholders' equity37.93 millionEGP · +1.0% vs the same period a year earlier
Operating cash flow590 thousandEGP · +303.3% vs the same period a year earlier
In short
- Arab for Development & Real Estate Investment's net profit for Q2 2024 was about 16.56 thousand EGP, up +151.5% from -32.15 thousand EGP in Q2 2023.
- Total assets at the end of Q2 2024 were about 56.83 million EGP, and shareholders' equity about 37.93 million EGP.
- Operating cash flow for Q2 2024 was positive at 590 thousand EGP.
Key lines against the same period a year earlier
This periodQ2 2023Change
Net profit16.56 thousand-32.15 thousand+151.5%
Gross profit446 thousand206 thousand+116.2%
Total assets56.83 million51.25 million+10.9%
Total liabilities18.9 million13.68 million+38.1%
Shareholders' equity37.93 million37.57 million+1.0%
Total liabilities and equity56.83 million51.25 million+10.9%
Operating cash flow590 thousand-290 thousand+303.3%
Investing cash flow—-1.83 thousand—
Financing cash flow—0—
Net change in cash590 thousand-292 thousand+302.0%
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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