financial results
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Developers
Talaat Moustafa to Provide 2 mn Egyptians with COVID-19 Vaccine
Wednesday, 13 January 2021
Talaat Moustafa Group (TMG) Holding CEO Hisham Talaat Moustafa has inked a cooperation protocol with the Egyptian health ministry to cover the costs of COVID-19 vaccines for about 2 mn unprivileged citizens, as part of the company's corporate social responsibility (CSR) initiatives.
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Construction
Orascom Construction Sees 8.2% Rise in H1 2020 Revenues
Tuesday, 1 September 2020
Orascom Construction has unveiled posting an 8.2% YoY rise to USD 1.6 mn (EGP 25.8 mn) in its H1 2020 revenues, compared to USD 1.5 mn (EGP 23.7 mn) in the year-ago period, despite falling short in profitability.
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Developers
Amer Group Still Mulls Land Purchase in New Sohag
Monday, 31 August 2020
Egypt-based Amer Group is still in the preliminary phase of conducting financial studies and due diligence on the feasibility of land purchase in New Sohag.
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Developers
SODIC’s Home Sales Hold Strong in H1 Despite Pandemic
Thursday, 13 August 2020
Sixth of October for Development and Investment Company's (SODIC) gross contracted sales of residential units stood at EGP 1.83 bn in H1 2020, almost flat compared to EGP 1.86 bn in the year-ago period.
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Developers
Emaar Misr Sees 517% Profit Jump in H1 2020
Wednesday, 12 August 2020
Emaar Misr for Development saw a 516.7% year-on-year (YoY) surge in net profit to log EGP 581.53 mn in H1 2020, compared to EGP 94.29 m in the year-ago period.
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Construction
Orascom Construction Posts USD 599.2 mn New Awards in Q1 2020
Monday, 1 June 2020
Orascom Construction (OC) has reported consolidated new awards of USD 599.2 mn (EGP 9.5 bn) in Q1 2020, compared to USD 480.7 mn (EGP 7.6 bn) in the corresponding period last year.
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Developers
Porto Group’s Profits Fall 12% in 2019
Wednesday, 15 April 2020
Porto Group reported a 12.4% year-on-year decline in its consolidated profits to EGP 116.9 mn for 2019, Invest-Gate reports.
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Developers
MNHD Achieves EGP 6.3 bn Presales in 2019
Monday, 13 January 2020
Madinet Nasr for Housing and Development (MNHD) recorded a 15% boost in its presales activities (i.e primary contracts and reservations) year-on-year to log EGP 6.3 bn in 2019.
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Developers
TMG Holding Maintains Stable Financial Results in 2019
Thursday, 9 January 2020
Talaat Moustafa Group (TMG) Holding maintained a stable pace of development last year, with real estate transactions dipping by 4% only to hit almost EGP 20.4 bn versus sales in 2018.
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Developers
Orascom Development Profits Jump 83% in 9 M
Wednesday, 13 November 2019
Orascom Development Egypt (ODE) posted an 82.9% hike in net profit, up to EGP 501.2 mn in the first nine months of 2019 versus EGP 274.1 mn in the prior-year period
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Last Modified January 21, 2021