Cairo - Mubasher: The shareholders of General Company for Land Reclamation, Development and Reconstruction approved its approximate budget for fiscal year (FY) 2026/2027, according to a bourse filing
The EGX-listed company targets net profits after tax of EGP 8.67 million in the July 2026-June 2027 period.
The targeted net income will be higher by 567% year-on-year (YoY) when compared with the EGP 1.30 million previously projected for FY25/26, representing a growth of EGP 7.37 million.
It is worth noting that in the first half (H1) of FY25/26, the General Company for Land Reclamation incurred net losses of EGP 19 million.
Meanwhile, the company plans to generate operating revenue worth EGP 165 million in FY26/27, which ends on 30 June 2027.
