Emaar Misr’s 2019 profits decline 49% to EGP 1.7bn due to growing expenses

Emaar Misr’s 2019 profits decline 49% to EGP 1.7bn due to growing expenses

Company's investments in T-Bills amount to EGP 9.6bn, its under-development real estate portfolio reaches EGP 16.5bn. Comments Off on Emaar Misr's 2019 profits decline 49% to EGP 1.7bn due to growing expenses. The consolidated financial statements of Egyptian developer Emaar Misr in 2019 showed its profits declined by 49% to EGP 1.7bn, compared to EGP 3.4bn in 2018.. The company's consolidated revenues also decreased last year to EGP 5.4bn, compared to EGP 6.3bn in the year before.. The financial statements of the company showed a decline in the results of the company's business due to growing expenses, whether financing, general, or administrative.. The financial statements also revealed an increase in the company's investments in treasury bills (T-Bills), reaching EGP 9.6bn in 2019, compared to EGP 7.6bn in 2018..