Arab Developers Holding reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 185.3 million compared to EGP 221.81 million a year ago. Net income was EGP 35.7 million compared to EGP 4.11 million a year ago. Basic earnings per share from continuing operations was EGP 0.03.
For the nine months, sales was EGP 872.41 million compared to EGP 689.8 million a year ago. Net income was EGP 88.37 million compared to EGP 19.89 million a year ago. Basic earnings per share from continuing operations was EGP 0.07 compared to EGP 0.0182 a year ago.