Total revenue increased by 96.71 % Y-o-Y from EGP 2.27 Bn to EGP 4.48 Bn due to strong growth in total contract sales.
Gross profit increased by 144.4% Y-o-Y from EGP 1.38 Bn to EGP 3.37 Bn and gross profit margin increased by 14.7 points Y-o-Yfrom 60.6% to 75.3% due to the increase in revenues from sales of new premium units with high profit margins compared to revenues from delivered units with relatively lower profit margins.
Operating profit increased by by 153.7% Y-o-Y from EGP 756.6 M to EGP 1.92 Bn and the operating profit margin increased by 9.6 points from 33.3% to 42.9%
Net profit for 2H 2024 increased by 150.6% Y-o-Y from EGP 580.2 M to EGP 1.45 Bn. and the net profit margin and net profit margin increased by 27.41 Y-o-Y from 25.5% to 32.5%
