Heliopolis Co. for Housing & Development reported earnings results for the first quarter ended September 30, 2022. For the first quarter, the company reported sales was EGP 60.41 million compared to negative sales of EGP 41.73 million a year ago.

Net income was EGP 11.73 million compared to net loss of EGP 75.2 million a year ago. Basic earnings per share from continuing operations was EGP 0.01 compared to basic loss per share from continuing operations of EGP 0.06 a year ago.