Emaar Misr for Development reported a staggering EGP 5.73 billion consolidated net profit in Q1 2024, skyrocketing from EGP 2.22 billion in Q1 2023. Despite this leap, revenues dipped to EGP 1.57 billion from EGP 1.86 billion year-on-year. Earnings per share (EPS) surged to EGP 1.25, up from EGP 0.47 in the same period.

Standalone Results:
- Net profit hit EGP 5.61 billion, a sharp rise from EGP 2.22 billion in Q1 2023.
- Non-consolidated revenues fell to EGP 1.57 billion from EGP 1.86 billion.

The company’s 2023 consolidated profit stood at EGP 6.81 billion, reflecting steady annual growth from EGP 6.56 billion in 2022.