Egypt's third-largest listed property developer Sodic has reported a first-quarter net profit of E£79.31 million ($10.39 million), nearly double the E£40.33 million ($5.26 million) it earned in the same period last year.

Sodic, also known as Sixth of October Development and Investment, said the revenue dipped to E£283.85 million ($37 million) in the first quarter from E£301.2 million ($39.3 million) a year earlier.-Reuters