Egypt’s SODIC doubles first-quarter profit

Egypt's third-largest listed property developer SODIC reported first-quarter net profit of LE79.31 million ($10.39 million), nearly double the 40.33 million it earned in the same period last year.

SODIC, also known as Sixth of October Development and Investment, also said on Sunday that first-quarter revenue dipped to LE283.85 million from 301.2 million a year earlier.

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