Al Shams Housing and Urbanization SAE reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was EGP 110.29 million compared to EGP 50.18 million a year ago. Net income was EGP 48.5 million compared to EGP 17.42 million a year ago.

Basic earnings per share from continuing operations was EGP 0.21 compared to EGP 0.08 a year ago.