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اليوم السابع
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Misr Real Estate accounts frozen
The article discusses the results of the Egyptian Group Real Estate Company for the six months ending June 30, 2026, noting an improvement in revenues and profits compared to the same period of the previous year. Its revenues amounted to 7.347 million EGP, with a net profit of 2.017 million EGP. However, the auditor expressed a cautious conclusion due to several observations regarding the fixed asset records, maintenance deposits, the legal status of the properties, and the lack of some documents that prevented verification of certain balances and financial positions. Despite this, the business results show an increase in revenues and profits, especially in the second quarter, where the company recorded a pre-tax profit of 1.29 million EGP compared to 396.4 thousand EGP in the previous year.
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