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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 …

Shaimaa Al-Aees

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 …

Daily News Egypt

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 …

Daily News Egypt

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. …

Daily News Egypt

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 …

Daily News Egypt

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