Summary

Results from 9M07 reflected an impressive performance with the bottom line skyrocketing 85.9% to EGP163.8 million on the back of organic growth. Revenues witnessed a robust 108.4% YoY growth, fueled by sales from phase I that is expected to be completely sold out during 2008. Services’ revenues started kicking in, yet with insignificant values. The impressive results were despite recording  a net loss of EGP42.8 million in 3Q07 on the back of receivables write offs amounting to EGP40.0 million.