Egyptian Real Estate Group 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 profit428 thousandEGP · −96.5% vs the same period a year earlier
Total assets280 millionEGP · −1.7% vs the same period a year earlier
Shareholders' equity151 millionEGP · +1.4% vs the same period a year earlier
Operating cash flow-570 thousandEGP · −103.3% vs the same period a year earlier
In short
- Egyptian Real Estate Group's net profit for Q1 2024 was about 428 thousand EGP, down −96.5% from 12.24 million EGP in Q1 2023.
- Total assets at the end of Q1 2024 were about 280 million EGP, and shareholders' equity about 151 million EGP.
- Operating cash flow for Q1 2024 was negative at 570 thousand EGP.
Key lines against the same period a year earlier
This periodQ1 2023Change
Net profit428 thousand12.24 million−96.5%
Gross profit2.52 million24.64 million−89.8%
Total assets280 million284 million−1.7%
Total liabilities129 million136 million−5.1%
Shareholders' equity151 million149 million+1.4%
Total liabilities and equity280 million284 million−1.7%
Operating cash flow-570 thousand17.4 million−103.3%
Investing cash flow-5.82 million-14.18 million+58.9%
Financing cash flow-833 thousand-914 thousand+8.8%
Net change in cash-2.63 million2.31 million−213.7%
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.
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