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Cairo for Housing and Development reported consolidated attributable profit of EGP 48.6 million for the second quarter of 2026, along with consolidated revenue of EGP 91.6 million. The company also reported standalone profit of EGP 30.7 million for the quarter. The results provide an update on the Egyptian real estate company's financial performance during the quarter, with consolidated earnings higher than its standalone profit due to the contribution of its consolidated operations. The company is listed on the Egyptian Exchange under the ticker ELKA.CA.
Cairo for Housing and Development reported consolidated attributable profit of EGP 48.6 million for the second quarter of 2026, according to the company's latest financial update. Consolidated revenue for the quarter stood at EGP 91.6 million. On a standalone basis, the company reported profit of EGP 30.7 million.
The difference between the standalone and consolidated profit reflects the financial contribution of the company's consolidated operations. Cairo for Housing and Development is listed on the Egyptian Exchange under the ticker ELKA.CA.
The company's latest quarterly results come amid continued activity in Egypt's residential property market, where developers have been operating against changing economic conditions and evolving housing demand. Egypt's housing market has remained on an upward path in 2026, although currency movements and broader economic conditions continue to influence property prices and development costs.
For the quarter, the key reported figures were EGP 48.6 million in consolidated attributable profit, EGP 91.6 million in consolidated revenue and EGP 30.7 million in standalone profit.
Source Reuters
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