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

MNHD Logs Net Profits of EGP 869.1 mn in 9M

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) posted a consolidated net profit of EGP 869.1 mn for the first nine months of 2018, up 1.3% year-on-year (YoY) from the year-ago period

Orascom Posts Strong Results in Q2 2018

Egypt’s Orascom Construction logged a 113.5% year-on-year (y-o-y) increase of USD 50.6 mn in its net income attributable to shareholders during Q2 2018, Invest-Gate reports.

Egypt’s TMG Holding Logs 11% Net Profit Rise in H1

Egyptian real estate developer Talaat Moustafa Group (TMG) Holding announced a rise of 11% in its net profits in the first half (H1) of 2018

MNHD Records 165% Net Income Increase in Q2

Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) has recorded a significant increase in its consolidated net income by 165% y-o-y in the second quarter of 2018

Orascom Adds USD 415 mn to its Backlog in Egypt

Egypt’s Orascom Construction has revealed accumulating USD 650 mn of new awards to its backlog in Egypt and the US during the second quarter of 2018

SODIC Records Revenues of EGP 512 mn in Q1

Sixth of October for Development & Investment Company (SODIC) reported a decline in its revenues to almost EGP 512 mn during the first quarter of 2018, including minority shareholders’ rights, versus EGP 703 mn lo ...

Egypt’s Palm Hills Logs EGP 224 mn Net Profit in Q1

Palm Hills Developments (PHD) announces a net profit of EGP 224 mn during the first quarter of 2018

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