Beltone Financial expects SODIC, 6 October Development & Investment, to hit its sales target of 2016, worth EGP 5bn. SODIC’s recent implementation of Caesar project worth EGP 300m is believed to be the reason behind its sales boom, according to Beltone Finacial report. The company will also propose a new stage of Eastown Residence project and new housing units will be available. Furthermore, SODIC plans for a new stage in Compound Villette New Cairo project, and a 30 acres project during the last quarter of 2016. Beltone Financial expects SODIC’s share to jump up from EGP 14 to EGP 19,82 as the company will start gaining 75 per cent of the revenue portfolio over the next two or three years.
In addition, financial data of SODIC shows the company’s 41.3 per cent growth in Q2 of 2016, as compared to the same period of 2015.
