Arab Real Estate Investment Co. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 7.35 million compared to EGP 12.1 million a year ago. Net income was EGP 7.81 million compared to EGP 2.14 million a year ago. Basic earnings per share from continuing operations was EGP 0.032 compared to EGP 0.009 a year ago.
For the nine months, sales was EGP 51.76 million compared to EGP 41.04 million a year ago. Net income was EGP 13.93 million compared to EGP 5.35 million a year ago. Basic earnings per share from continuing operations was EGP 0.051 compared to EGP 0.022 a year ago.