Naeem Real Estate 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 profit-11.25 millionEGP · +35.7% vs the same period a year earlier
Total assets1.6 billionEGP · +22.7% vs the same period a year earlier
Shareholders' equity1.09 billionEGP · +21.3% vs the same period a year earlier
Operating cash flow125 millionEGP · +300.1% vs the same period a year earlier
In short
- Naeem Real Estate's net profit for Q1 2024 was about -11.25 million EGP, up +35.7% from -17.49 million EGP in Q1 2023.
- Total assets at the end of Q1 2024 were about 1.6 billion EGP, and shareholders' equity about 1.09 billion EGP.
- Operating cash flow for Q1 2024 was positive at 125 million EGP.
Key lines against the same period a year earlier
This periodQ1 2023Change
Net profit-11.25 million-17.49 million+35.7%
Gross profit42.57 million1.57 million+2609.6%
Total assets1.6 billion1.3 billion+22.7%
Total liabilities506 million402 million+25.9%
Shareholders' equity1.09 billion899 million+21.3%
Total liabilities and equity1.6 billion1.3 billion+22.7%
Operating cash flow125 million31.21 million+300.1%
Investing cash flow-28 million-38.74 million+27.7%
Financing cash flow-2.36 million-11.21 million+79.0%
Net change in cash94.52 million-18.74 million+604.4%
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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