60 بالعربي
HomeWatchListen
Breaking
Egypt Authorizes Military Support for Saudi Arabia Against Houthis If Riyadh Requests It•Egypt Lowers Brokerage Solvency Requirement to 5% to Contain Stock Market Drop•Matiks Raises $10 Million to Expand Jelo Gaming Platform•Morgan Stanley Raises Lockheed Martin Price Target to $835 Following F-35 Deal•Oil Spill off the UAE Expands as Three Emirates Close Their Beaches•Gold Rises 0.50% as Oil Slips Toward $114 Ahead of Tehran Talks•Egypt's Turuq Secures Seed Funding from Den VC for Expansion•Saudi Aramco shares hold at SAR 25.22 despite Houthi missile hit in Dhahran•Egypt Authorizes Military Support for Saudi Arabia Against Houthis If Riyadh Requests It•Egypt Lowers Brokerage Solvency Requirement to 5% to Contain Stock Market Drop•Matiks Raises $10 Million to Expand Jelo Gaming Platform•Morgan Stanley Raises Lockheed Martin Price Target to $835 Following F-35 Deal•Oil Spill off the UAE Expands as Three Emirates Close Their Beaches•Gold Rises 0.50% as Oil Slips Toward $114 Ahead of Tehran Talks•Egypt's Turuq Secures Seed Funding from Den VC for Expansion•Saudi Aramco shares hold at SAR 25.22 despite Houthi missile hit in Dhahran•

SODIC: EGP 42.4 Billion Contracts in 9 Months and EGP 1.293 Billion Profit in Q3

SODIC recorded contracts worth EGP 42.4 billion in 9 months, an increase of 116%, with collections reaching EGP 16.9 billion, while Q3 net profit declined to EGP 1.293 billion.

October 26, 2026
SODIC: EGP 42.4 Billion Contracts in 9 Months and EGP 1.293 Billion Profit in Q3

Sixth of October Development and Investment Company (SODIC) recorded customer contracts worth EGP 42.4 billion from January to September 2026, a 116% increase from EGP 19.6 billion in the corresponding period last year.

Collections reached EGP 16.9 billion, while the company delivered 1,001 units with a total value of EGP 8.376 billion across six projects, according to the board of directors' report based on the financial statements ending September 30, 2026.

Gross profit in the third quarter declined to EGP 2.783 billion from EGP 4.615 billion a year earlier, and consolidated net profit before minority interest fell to EGP 1.293 billion from EGP 2.353 billion, while net profit after minority interest reached EGP 1.287 billion.

Consolidated business revenues in the third quarter rose to EGP 10.817 billion from EGP 10.624 billion, and work in progress climbed to EGP 63.822 billion by the end of September from EGP 50.462 billion at the end of December 2025.

What do these terms mean?

Contracts: The value of unit sales contracts signed by customers that have not yet been fully executed.

Collections: Cash amounts collected by the company from customers during the period.

Gross profit: Revenues minus direct cost of sales, before administrative and financing expenses and taxes.

Share
Keywords

Weekly Newsletter

Read between the lines before everyone else. Decode the most important economic, tech, and decision-maker movements in the region.. in 5 minutes every Saturday.

Follow Us