Emaar Misr for Development reported a consolidated net profit after tax of EGP 6.81 billion in 2023, marking a 3.8% increase from EGP 6.56 billion in 2022. Annual revenues rose to EGP 15.09 billion, up from EGP 14.73 billion the previous year. Basic and diluted earnings per share (EPS) climbed to EGP 1.44 in 2023 from EGP 1.39 in 2022. On a standalone basis, net profit after tax grew to EGP 6.78 billion in 2023 from EGP 6.56 billion in 2022, while revenues increased to EGP 15.09 billion from EGP 14.73 billion. The board approved new credit facilities to meet financial needs and plans to expand branches while closing one. For the first nine months of 2023, consolidated net profit reached EGP 4.98 billion, up from EGP 4.89 billion in the same period of 2022.