HELIOPOLIS HOUSING
HELI
Financial ResultsPositive News
Heliopolis Housing Soars to EGP 7.8B Profit in 2023 Amid Revenue Surge
Heliopolis Housing reports a staggering 1,200% profit surge in 2023 with revenues soaring, fueled by a major new project.
April 1, 2024 at 12:47:00 PMScore: 95
Heliopolis Housing & Development (HELI) reported a staggering net profit of EGP 7.8 billion in 2023, marking a 1,200% surge from EGP 603 million in 2022. Operating revenues skyrocketed to EGP 15.62 billion, up 685% year-on-year, driven by robust project deliveries. Basic earnings per share (EPS) leaped to EGP 5.85 from EGP 0.45, reflecting strong shareholder value. The company also announced a projected return of EGP 39.7 billion from its 865-acre New Heliopolis City project, signaling aggressive growth plans for 2024.
Recommended Actions
- Monitor HELI stock for potential entry points post-earnings surge.
- Consider long-term holding if aligned with infrastructure growth trends.
- Track updates on New Heliopolis City project milestones.
- Compare valuation metrics (P/E, PEG) against sector peers.
- Consult a financial advisor to assess portfolio alignment.
Positive Aspects
- 1,200% net profit growth
- 685% revenue surge
- EPS growth from EGP 0.45 to 5.85
- EGP 39.7B projected return from New Heliopolis City
Negative Aspects
- Potential overvaluation if stock price already reflects future growth
- Market risks tied to real estate sector volatility
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