net profit

  • ODE Seals USD 265 mn Loan Agreement
    Developers

    ODE Seals USD 265 mn Loan Agreement

    Tuesday, 24 November 2020

    Orascom Development Egypt (ODE) has sealed a medium-term loan deal worth USD 265 mn (EGP 4.1 bn) to refinance outstanding debt and bankroll growth plans.

  • SODIC Sells 776 Properties Across Cairo in 9M
    Developers

    SODIC Sells 776 Properties Across Cairo in 9M

    Thursday, 12 November 2020

    Sixth of October Development and Investment Company (SODIC) sold out 776 properties during the first nine months of 2020, bringing gross contractual sales to EGP 4.1 bn and marking a YoY rise of 23% from EGP 3.34 bn in the prior-year period.

  • Amer Group Net Profit Rises 8.6% in H1 2020
    Developers

    Amer Group Net Profit Rises 8.6% in H1 2020

    Monday, 10 August 2020

    Egypt-based Amer Group reported an 8.6% hike in net profits in H1 2020, logging EGP 27.6 mn versus EGP 25.4 mn in the corresponding period last year.

  • MNHD Posts Lower Profits in 9 M
    Developers

    MNHD Posts Lower Profits in 9 M

    Tuesday, 5 November 2019

    Egypt's property developer Madinet Nasr Housing and Development (MNHD) reported a consolidated net profit of EGP 631 mn during the first nine months of 2019, a decline from EGP 869.1 mn during the same period last year.

  • Palm Hills’ Sales Inch Up to EGP 2.2 bn in Q1
    Developers

    Palm Hills’ Sales Inch Up to EGP 2.2 bn in Q1

    Wednesday, 12 June 2019

    Egypt’s Palm Hills Developments (PHD) posted EGP 2.2 bn sales (residential and commercial) in Q1 2019, with 374 units sold in total, marking a 5% surge YoY that arisen notably from continued uptake of launched properties in Palm Hills Alexandria.

  • Orascom Construction Net Profit Soars 84% in FY 2018
    Construction

    Orascom Construction Net Profit Soars 84% in FY 2018

    Sunday, 31 March 2019

    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

  • Palm Hills’ Profits Rise 37% to EGP 640.2 mn in 9M
    Developers

    Palm Hills’ Profits Rise 37% to EGP 640.2 mn in 9M

    Monday, 26 November 2018

    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 period last year, taking into account minority interests

  • TMG Holding’s Profits Rise 12.5% to EGP 1.25 bn in 9M
    Developers

    TMG Holding’s Profits Rise 12.5% to EGP 1.25 bn in 9M

    Thursday, 15 November 2018

    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
    Developers

    MNHD Logs Net Profits of EGP 869.1 mn in 9M

    Monday, 5 November 2018

    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

  • SODIC’s Net Profit Rises 287.8 % y-o-y
    Developers

    SODIC’s Net Profit Rises 287.8 % y-o-y

    Wednesday, 17 May 2017
    Sixth of October for Development and Investment’s (SODIC) consolidated net profit for the first quarter of 2017 rises by 287.8% to EGP 211.9 mn, versus EGP 54.6 mn for the same period a year earlier, Invest-Gate reports.