Orascom Construction Posts USD 599.2 mn New Awards in Q1 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.

Porto Group’s Profits Fall 12% in 2019

 Porto Group reported a 12.4% year-on-year decline in its consolidated profits to EGP 116.9 mn for 2019, Invest-Gate reports.

MNHD Achieves EGP 6.3 bn Presales in 2019

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.

TMG Holding Maintains Stable Financial Results in 2019

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.

Orascom Development Profits Jump 83% in 9 M

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

SODIC Revenues Grow 84% in Q1 2019

Sixth of October Development and Investment (SODIC) reported on May 19 a sharp rise of 84% YoY in its Q1 2019 revenues, logging EGP 941 mn, compared to EGP 512 mn in the year-ago period, on the back of early hando ...

ODE’s Net Real Estate Sales Spikes 282.8% in Q1 2019

Orascom Development Egypt (ODE) has reported that its net real estate sales soared by 282.8% to EGP 1.5 bn in Q1 2019 versus EGP 397.6 mn in the prior-year period, driven by a rise in unit sales at O West, its fir ...

MNHD Signs Deal to Finance Nasr Gardens Compound in West Cairo

Madinet Nasr for Housing and Development's (MNHD)'s board of directors has mandated the company's managing director to ink a protocol with a real estate finance company to fund housing units of Nasr Gardens compou ...

Emaar Misr Consolidated Profits Fall 16.8% in Q1 2019

Egypt's Emaar Misr has reported a 16.8% YoY decline in its consolidated net profits during the first three months of 2019, dropping by EGP 84.6 mn compared to the year-ago period.

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

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