Earnings Report /
Egypt

SODIC: Underwhelming 3Q21, but great 10M21 sales

  • Sales declined in 3Q21, but 10M21 sales were boosted by the North Coast project launch

  • Revenue in 3Q21 reached EGP1.4 billion, down 37.8% y/y and up 41.0% q/q, mirroring delivery performance

  • Net profit in 3Q21 declined 74.7% y/y and 2.0% q/q to EGP119.6 million

Al Ahly Pharos Securities Brokerage
15 November 2021