Egyptian real estate firms’ profit hit by coronavirus crisis

SourceEgypt Independent
SectorReal Estate
CountryEgypt

Egypt’s five biggest listed real estate firms reported a combined profit fall of nearly 31 percent in the second quarter of 2020 as property sales slowed during the coronavirus crisis. But the sector could recover by the end of 2020 or during next year if Egypt can avoid the second wave of COVID-19 infections, three … Continued The post Egyptian real estate firms’ profit hit by coronavirus crisis appeared first on Egypt Independent.Egypt’s five biggest listed real estate firms reported a combined profit fall of nearly 31 percent in the second quarter of 2020 as property sales slowed during the coronavirus crisis. But the sector could recover by the end of 2020 or during next year if Egypt can avoid the second wave of COVID-19 infections, three … Continued The post Egyptian ...read more...