The profits of the “United Housing and Development” company decreased by 22.5% during the past year to reach 105.8 million pounds, compared to a net profit of 136.48 million pounds during the previous year 2019, taking into account the rights of the minority shareholders.
While the company’s revenues increased during the past year 2020 to reach 185.9 million pounds, compared to total sales of 141.77 million pounds in the previous year.
The gross profit during the same period increased to 126.9 million pounds, compared to 114.5 million pounds in the same period in 2019.
The cost of sales and obtaining revenues recorded 59.1 million pounds in 2020, compared to 33.3 million pounds in 2019.
Operating profits increased during the same period to 100.6 million pounds, compared to 99.1 million pounds in 2019.
The profit per share for the year was 0.33 pounds, compared to 0.41 pounds in 2019.
The article “United Housing” profits of 105.8 million pounds during 2020, down 22.5%, it was written in Al-Borsa newspaper.