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Egyptian Real Estate Group results, Fiscal year 2023

Net profit, assets, equity and cash flow for Fiscal year 2023, against the same period a year earlier, from the published financial statements.

Net profit12.24 millionEGP · +0.8% vs the same period a year earlier
Total assets284 millionEGP · +76.4% vs the same period a year earlier
Shareholders' equity149 millionEGP · +23.0% vs the same period a year earlier
Operating cash flow17.4 millionEGP · +679.5% vs the same period a year earlier

In short

  • Egyptian Real Estate Group's net profit for Fiscal year 2023 was about 12.24 million EGP, up +0.8% from 12.14 million EGP in Fiscal year 2022.
  • Total assets at the end of Fiscal year 2023 were about 284 million EGP, and shareholders' equity about 149 million EGP.
  • Operating cash flow for Fiscal year 2023 was positive at 17.4 million EGP.
Source: the Fiscal year 2023 financial statements

Key lines against the same period a year earlier

This periodFiscal year 2022Change
Net profit12.24 million12.14 million+0.8%
Gross profit2.01 million18.24 million−89.0%
Total assets284 million161 million+76.4%
Total liabilities136 million40.2 million+237.2%
Shareholders' equity149 million121 million+23.0%
Total liabilities and equity284 million161 million+76.4%
Operating cash flow17.4 million2.23 million+679.5%
Investing cash flow-14.18 million-861 thousand−1547.1%
Financing cash flow-914 thousand-215 thousand−325.3%
Net change in cash2.44 million525 thousand+363.9%

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.

Official report (PDF)All of Egyptian Real Estate Group's statements, five yearsAsk the AI analyst about AREH

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