Pioneers Properties has staged a remarkable turnaround, achieving consolidated profitability in 2023. The company reported a net profit after tax of EGP 556.97 million, a significant recovery from the EGP 81.08 million net loss in 2022. While consolidated operating revenue saw a dip to EGP 5.78 billion from EGP 7 billion the previous year, the earnings per share (EPS) soared to EGP 0.393, a stark contrast to the loss per share of EGP 0.145. The standalone results also reflected positive momentum, with the net loss after tax shrinking considerably to EGP 26.56 million from EGP 80.33 million. Standalone operating revenue witnessed substantial growth, climbing to EGP 165.19 million from EGP 53.25 million. Pioneers Properties had already demonstrated its improving financial health with a consolidated net profit after tax of EGP 238.35 million during the first nine months of 2023, foreshadowing the year's overall success.