
MNHD 1Q net profit up 15% to EGP 378m following solid top-line growth
Presales driven by strong demand for residential units in SARAI, and sale of residential plot in Taj City
Presales driven by strong demand for residential units in SARAI, and sale of residential plot in Taj City
Company’s solid top-line growth is result of number of encouraging forces coming together, says CEO
An additional 17% to remaining built up area in Taj City
Company reported consolidated revenues of EGP 751.7m, up 263% y-o-y
Madinet Nasr Housing and Development (MNHD) announced on Monday that it made sales contracts with a value of EGP 3.8bn during 2016, generating more than four times the value of their sales contracts in 2015. According to the company’s statement, the value exceeded the initial budget of EGP 2bn and surpassed contracted sales of 2015 …
Inflation, devaluation, and lack of alternative options make real estate in Egypt one of the bright spots for growth
First phase of Sarai project to be launched in the last quarter of 2016