Saturday 22 July 2017
 
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Sodic

Sodic posts three-fold growth in Q1 profit, revenue

Sodic, one of the region’s leading real estate development companies, has started the year in a big way with triple digit growth in both revenues and profits for the first quarter which hit E£703 million ($46 million) and E£211

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Sodic's Q1 net contracted sales up 64pc

Sodic, one of the region’s leading real estate development companies, has started the year in a big way closing the first quarter with E£1.2 billion ($78 million) net contracted sales booked.   The company's n

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Redcon set to deliver key Egypt housing project

Egypt-based Redcon Construction will soon deliver the first phase of its key residential project being developed at Caesar on the country's northern coast about 340 km from capital Cairo, said a report citing its top official.

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Egypt developer Sodic net profit down in Q1

Sodic, one of the leading real estate groups in Egypt, has registered a sharp decline in its net profit for the first quarter which fell to E£55 million ($6.1 million) from last year's E£79.3 million ($8.86 million).

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Sodic, Heliopolis to develop big Egypt project

Sodic, one of the region’s leading real estate groups, has signed a deal with Heliopolis Housing to jointly develop a major mixed-use project on 655 acres of land in New Heliopolis area of Egypt. Strategically located in Eas

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Sodic, Heliopolis to develop key Cairo project

Egyptian property developer Sixth of October Development & Investment Company (Sodic) said it will join hands with real estate group Heliopolis Housing to develop an integrated project over 655 acres in East Cairo. Sodic said

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Sodic signs deals worth $460m in 9 months

Egyptian real estate developer Sodic has signed sales contracts worth EGP3.6 billion ($460 million) in the first nine months of 2015, its managing director said on Monday. Sodic, or Sixth of October Development and Investment Comp

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Sodic wins prime land in Egypt tender

Leading Egyptian developer Sodic has secured more than 31 feddans (130,200 sq m) of prime residential land in a tender at the 6th of October City in urban Cairo, said a report. The prime piece of land in Giza Governorate, a satell

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Egypt ‘needs cheaper land to tackle housing crunch’

Sodic, one of Egypt's largest listed real estate developers, says the state must find new ways to allocate land at lower prices if it wants the private sector to help meet the massive demand for housing. Government property sc

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Egypt's Sodic doubles Q1 net profit

Egypt's third-largest listed property developer Sodic has reported a first-quarter net profit of E£79.31 million ($10.39 million), nearly double the E£40.33 million ($5.26 million) it earned in the same period last year.

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