Company Profile For Sixth of October Development and Investment

Sixth of October Development and Investment (OCDI.CA) (Cairo Stock Exchange)

sector: Financials · industry: Real Estate Operations ·

As of 25 Nov 2009

96.50EGP

Price Change

+3.22

Percent Change

+3.45%

Analyst Recommendations

Overview

Sixth of October Development & Investment Company (SODIC) is an Egypt-based company engaged in investment and real estate development projects. The Company's activities include acquiring properties, contracting, developing and selling and/or renting them to interested parties. The Company's development projects include building commercial and industrial centers, residential areas and hotel resorts and complexes. SODIC's subsidiaries are SODIC Real Estate Services Company, which is involved in real estate marketing and brokerage, maintenance and security services for residential and commercial buildings. It also owns stakes in Rabiya Company for Agricultural Development & Construction (26%) and in Royal Gardens Company for Real Estate Investment (20%).

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Sixth of October Development & Investment's total revenue decreased 85% to EGP7.1M. Net loss totaled increased from EGP8.1M to EGP19.7M. Total revenue reflects a decrease in demand for the Company's finished units. Higher net loss reflects an increase in general and administrative costs. Higher net loss also reflects higher interest charges. The Company is listed in the Egyptian Stock Exchange.

Company Address

Sixth of October Development and Investment
Km 38 Cairo/Alex Desert Road
Sheik Zayed City
P.O.Box 119 Sheikh Zayed
Giza-Cairo
P: +202.38570061
F: +202.38570060