1Q21 sales reached EGP1.5 billion, down 42.1% y/y, due to 1Q20 having included the EGP1.1 billion land sale.
Sales drop overshadowed deliveries jump and resulted in the 46.1% y/y drop in revenue to EGP493.1 million.
Net profit decreased 69.7% y/y and 69.1% q/q to EGP114.5 million.
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