Emaar Misr for Development achieved a significant increase in net profits, which reached more than 500% during the first half of 2020 compared to the same period last year.
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According to Arabiya Net, Emaar Misr for Development's profits amounted to 581.5 million Egyptian pounds.
The company's revenues fell by about 30% during this period to one billion Egyptian pounds.
The company's general and administrative expenses decreased by 80% during the first half to 230 million Egyptian pounds.
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