Orascom Construction Net Profit Soars 84% in FY 2018
Egypt's Orascom Construction logged a sharp rise of 84% in net profits for FY 2018 to record USD 144.7 mn, compared to USD 78.5 mn a year earlier
Remco Achieves EGP 3 bn Sales From 2 Projects in East Cairo
Egypt-based Remco for Tourism Villages Construction has uncovered that sales of two of its newest projects in east Cairo have generated a total of EGP 3 bn so far.
MNHD Posts EGP 5.5 bn Presales in 2018
Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) has logged EGP 5.5 bn in presales, including sales contracts and units' reservations, during 2018, primarily through the company's flagship proje ...
TMG Holding’s Sales Hike 62% in 2018
TMG Holding reported on January 2 that its overall sales jumped 62% YoY to EGP 21.3 bn at the end of December 2018 from EGP 13.1 bn in 2017.
Development Projects Worth EGP 27.2 bn Implemented in Q1 2018/19: Minister
Egypt's Planning Minister Hala El-Saeed has unveiled that 490 development projects were implemented in the state's distinct sectors during Q1 of FY 2018/19, at a total cost of EGP 27.2 bn
Orascom Construction’s Adjusted Net Income Rise 208.5% in Q3 2018
Egypt-based Orascom Construction maintained its positive position in the third quarter of 2018, posting a 208.5% surge in its adjusted net income of USD 69.1 mn versus USD 22.4 mn in the year-ago period, excluding ...
Emaar Properties Posts 30% Growth in Revenues in 9M
Dubai-based Emaar Properties posted revenues of AED 17.4 bn in the first nine months of 2018, which is 30% higher than the revenue of AED 13.4 bn logged in the year-ago period
EFG Hermes’ NBFIs Platform Generates Revenues of EGP 286 mn in Q3
Egypt's EFG Hermes Holding's Non-Bank Financial Institutions (NBFIs) platform maintained its remarkable rate of expansion, growing at 81% YoY to record revenues of EGP 286 mn in Q3 2018, with Tanmeyah Micro Enterp ...
Palm Hills’ Profits Rise 37% to EGP 640.2 mn in 9M
Egypt's property developer Palm Hills Developments has posted a 37% hike in net profits, which reached EGP 640.2 mn in the first nine months of 2018 versus net profits of EGP 466.6 mn during the corresponding peri ...
TMG Holding’s Profits Rise 12.5% to EGP 1.25 bn in 9M
Egypt-based property developer Talaat Moustafa Group Holding (TMG Holding) has recorded a 12.5% surge in its net profit to EGP 1.25 bn in the first nine months of 2018, up from EGP 1.1 bn in the year-ago period
