AFI Development Plc revenue for 9M2019 amounts to US$254.4 million

  • Nov 26, 2019 GMT
  • Team Kalkine
  • AFI Development Plc (AFRB) has released its financial results for the nine months ended 30 September 2019.
  • The company’s revenue, including proceeds from the sale of trading properties for 9M 2019 totalled US$254.4 million.
  • The company reported a gross profit for the 9-month period of US$138.1 million, while the net profit for 9M 2019 amounted to US$77.1 million.
  • Company’s total gross value of the portfolio of properties stood at US$1.25 billion, while its cash, cash equivalents and marketable securities as of 30 September 2019 stood at US$109.6 million.

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