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Egypt's SODIC Q1 net profit declines by 31 %
Gehad Abdulghany Published in Amwal Al Ghad on 31 - 05 - 2016

Egyptian real estate developer six of October Development & Investment (SODIC) consolidated net profit declined by 31 percent to report 54.655 mln Egyptian pound (US$.147 mln) for 2016 first quarter, compared to 79.31 mln pounds a year earlier.
In a statement, the company announced that it reported Q1 sales of 186.777 mln pounds versus 283.851 mln during same period last year.
SODIC, the country's third-largest listed real estate developer, said revenue for the period recorded 186.776 billion pounds in comparison with 283.8 billion pounds in Q1 2015.

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