The Clap
SODIC (OCDI) has recorded a big increase in earnings for the first half of 2022..
The Deets
SODIC (OCDI) has recorded growth in revenue of 31% for the first half of 2022, reaching EGP 295.71 million.
Sales had also increased from EGP 3.76 billion in H1 2021 to EGP 6.67 billion in H1 2022, an increase of 77%.
Revenues were recorded at EGP 2.73 billion, a 46% increase from EGP 1.87 billion the year before for H1.
More Information
In real estate, sales account for all contracts signed in the current period. Revenues are calculated once the unit is delivered.
For the full earnings release, click here. The news pushed up SODIC’s share price by 1%.
SODIC reports promising earnings for H1 2022 ↗️
