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SODIC Releases 1Q20 Results, Residential Sales up 25% Despite Limited New Launches
June 15th, 2020 - 10:29 GMT

SODIC Releases 1Q20 Results, Residential Sales up 25% Despite Limited New Launches

Development & Investment Company “SODIC” has released its consolidated financial results for the period ending 31st of March 2020. ·Revenues EGP 429 million ·Gross profit EGP 114 million ·Gross profit margin 26% ·Operating profit EGP 36 million ·Operating profit margin 8% ·Net profit EGP 28 million ·Net profit margin 6% ·Gross contacted sales of EGP 865 million ·Timely deliveries of 100 units ·Net Cash collections EGP 986 million Consolidated Balance Sheet Figures as at 31st of March 2020: ·Accounts Receivable: EGP 13.1 billion ·Cash and cash equivalents balance: EGP 3.85 ...
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