Cairo – Mubasher: Gadwa for Industrial Development reported an annual hike in consolidated net profit to EGP 1.62 billion as of 31 December 2024, compared to EGP 1.45 billion.
Earnings per share (EPS) attributable to the holding company amounted to EGP 1.09 in 2024, up year-on-year (YoY) from EGP 0.95, as per the financial statements.
Revenues hiked to EGP 19.05 billion last year from EGP 12.24 billion in the January-December 2023 period.
Standalone Results
Gadwa recorded EGP 1.05 billion in standalone net profit at the end of 2024, versus EGP 819.56 million in 2023.
Non-consolidated revenues jumped to EGP 1.01 billion last year from EGP 821.16 million in 2023, while the EPS rose to EGP 0.90 from 0.78.
In the first nine months (9M) of 2024, the company’s consolidated net profits soared by 49% YoY to EGP 1.54 billion from EGP 1.03 billion.
