Madinet Nasr Housing and Development records net profits of EGP 1.1bn in 2020
Company plans to distribute EGP 648m cash dividends for second consecutive year
Latest in Tag: Madinet Nasr Housing and Development Highlight
Latest in Tag: Madinet Nasr Housing and Development
Madinet Nasr Housing and Development reports record pre-sales of EGP 7bn in 2020
Company’s pre-sales achieve 11% annual growth
MNHD reports robust 83% y-o-y increase in pre-sales for H1 of 2020
MNHD reported pre-sales in SARAI of EGP 2bn, with pre-sales in Taj City reaching EGP 363m, and EGP 226m in Tag Sultan. The company also reported pre-sales of EGP 1.14bn in its other projects.
MNHD revenues record EGP 1.089bn in 1H 2019
Despite the strategic postponement of new launches in Taj City to the third quarter of 2019 ( already launched), MNHD recorded consolidated net profit of EGP 511m in 1H 2019 compared to EGP 588m a year earlier.
MNHD records EGP 634.2m in consolidated revenues in Q1
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the EGP 610.8m recorded during Q1 of 2018. MNHD announced on Thursday its results for Q1 ending 31 March 2019, reporting that consolidated net profits for …
MNHD reports EGP 1.72bn in pre-sales for Q1 2019, launches office park
Madinet Nasr Housing and Development (MNHD), a leading Egyptian urban developer, announced on Sunday that its pre-sales (contracted sales plus reservations) for the the first quarter (Q1) of 2019 reached EGP 1.72bn, up 9% year-over-year. According to the company’s press statement, pre-sales were mainly driven by the demand of the residential units as well as …
MNHD achieves 14.6% Y-o-Y growth in consolidated revenues in 2018
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, has achieved consolidated revenues of EGP 2.78bn, representing year-over-year (Y-o-Y) growth of 14.6% in 2018, compared to EGP 2.43bn at the end of 2017, according to the company’s press statement regarding financial results for the year ending 31 December 2018. The statement said that …
MNHD achieves pre-sales of EGP 5.5bn in 2018
Company delivered 788 units, keeping its promise to deliver units on time: El Hitamy
Madinet Nasr Housing and Development achieves 165% in y-o-y net income in Q2 2018
Madinet Nasr Housing and Development (MNHD), a leading urban developer in Egypt, achieved a significant increase of consolidated net profit year-over-year (y-o-y) by 165% to reach EGP 274.5m in the second quarter (Q2) of 2018, up from EGP 103.5m in Q2 2017, the company announced on Saturday. MNHD’s revenues witnessed a 61.2% increase y-o-y to …
MNHD achieves 13% y-o-y growth in contract sales in Q3 2017 to reach EGP 1.24bn
Contract sales reached EGP 3.64bn YTD
Madinet Nasr Housing and Development launches phase two of SARAI
Unit inventory worth EGP 1.8bn sold out
MNHD revenues reach EGP 1.4bn, EGP 730m net profit within 11 months
Madinet Nasr Housing and Development (MNHD), an Egyptian real estate development company, announced its unaudited management account for 11 months ending on 30 November. MNHD said its revenues for this period reached EGP 1.4bn, as net profits after tax with net profit margin of 52% registered EGP 730m, according to the press statement on Tuesday. …
MNHD consolidated revenues reach EGP 578.7m, EGP 310.1m net profits in Q3 2016
Taj City and SARAI projects will help company sustain strong growth rates in Q3 of 2016, says report
MNHD reports 520% increase in contracted sales in August
Madinet Nasr Housing and Development (MNHD) announced it has achieved contracted sales worth EGP 519m in August, an increase of 520% compared to the same period in 2015. In a Sunday press statement, MNHD said that this amount is considered the strongest recorded sales for a single month in the company’s history. “Sales performance has …
Madinet Nasr Housing and Development profits continue with no end in sight
New developments and increased contracted sales drive profitability into 2019
MNHD registers 176% increase in revenues with 7,600 units under development
Revenue growth continues to be driven by unit sales in MNHD’s various projects as well as unit deliveries at the company’s Tag Sultan development, with a deliveries target of 450 units for 2016
Phase 2 of the Primera Compound to be implemented in current quarter for EGP 70m
MNHD is considering partnerships with developers for non-residential projects during 2016, says GM
MNHD ratifies Taj City’s amended master plan with Ministry of Defence
The Taj City project’s master plan is designed on an area of 3.5m sqm, close to the Cairo International Airport.