MNHD Approves Odin’s Due Diligence on El Nasr Civil Works
Madinet Nasr for Housing and Development's (MNHD) board of directors has given Odin Investments approval to commence due diligence on El Nasr Civil Works.
Amer Group Net Profit Rises 8.6% in H1 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.
HHD Extends Deadline to Co-Develop New Heliopolis Land
Heliopolis Company for Housing and Development (HHD) has granted an 11-month extension to the deadline for developing a 655-acre plot in east Cairo's New Heliopolis, under a 2016 contract with Egypt's Sixth of Oct ...
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.
Egypt Achieves USD 12.9 bn Tourism Revenues: CBE
Egypt’s tourism sector generated revenues worth USD 12.9 bn during the period from Q2 of FY 2018/19 till the end of Q1 of FY 2019/20, up from USD 11 bn during the prior-year period
Emaar Misr Sees 49% Profit Decline in 2019
Emaar Misr for Development has said its profits fell by 49% year-on-year (y-o-y) to stand at EGP 1.74 bn in 2019, down from EGP 3.42 bn in 2018
SODIC Posts 18% Fall in 9M Profits
Six of October Development and Investment (SODIC) reported an 18% decline in its profits to reach EGP 504 mn in the first nine months of 2019, compared to EGP 612.9 mn in the prior-year period
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
MNHD Posts Lower Profits in 9 M
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 ...
Palm Hills Records Higher Profits in H1
Egypt's real estate developer Palm Hills Developments (PHD) posted a 3% rise in net profits after tax and minority interest in H1 2019, hitting EGP451 mn.
