Company plans to distribute EGP 648m cash dividends for second consecutive year
Latest in Tag: Madinet Nasr Housing and Development Highlight
Latest in Tag: Madinet Nasr Housing and Development
Company’s pre-sales achieve 11% annual growth
MNHD reported pre-sales in SARAI of EGP 2bn, with pre-sales in Taj City reaching EGP 363m, and EGP 226m in Tag Sultan. The company also reported pre-sales of EGP 1.14bn in its other projects.
Despite the strategic postponement of new launches in Taj City to the third quarter of 2019 ( already launched), MNHD recorded consolidated net profit of EGP 511m in 1H 2019 compared to EGP 588m a year earlier.
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the EGP 610.8m recorded during Q1 of 2018. MNHD announced on Thursday its results for Q1 ending 31 March 2019, reporting that consolidated net profits for …
Madinet Nasr Housing and Development (MNHD), a leading Egyptian urban developer, announced on Sunday that its pre-sales (contracted sales plus reservations) for the the first quarter (Q1) of 2019 reached EGP 1.72bn, up 9% year-over-year. According to the company’s press statement, pre-sales were mainly driven by the demand of the residential units as well as …
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, has achieved consolidated revenues of EGP 2.78bn, representing year-over-year (Y-o-Y) growth of 14.6% in 2018, compared to EGP 2.43bn at the end of 2017, according to the company’s press statement regarding financial results for the year ending 31 December 2018. The statement said that …
Company delivered 788 units, keeping its promise to deliver units on time: El Hitamy
Madinet Nasr Housing and Development (MNHD), a leading urban developer in Egypt, achieved a significant increase of consolidated net profit year-over-year (y-o-y) by 165% to reach EGP 274.5m in the second quarter (Q2) of 2018, up from EGP 103.5m in Q2 2017, the company announced on Saturday. MNHD’s revenues witnessed a 61.2% increase y-o-y to …
Contract sales reached EGP 3.64bn YTD
Unit inventory worth EGP 1.8bn sold out
Madinet Nasr Housing and Development (MNHD), an Egyptian real estate development company, announced its unaudited management account for 11 months ending on 30 November. MNHD said its revenues for this period reached EGP 1.4bn, as net profits after tax with net profit margin of 52% registered EGP 730m, according to the press statement on Tuesday. …
Taj City and SARAI projects will help company sustain strong growth rates in Q3 of 2016, says report
Madinet Nasr Housing and Development (MNHD) announced it has achieved contracted sales worth EGP 519m in August, an increase of 520% compared to the same period in 2015. In a Sunday press statement, MNHD said that this amount is considered the strongest recorded sales for a single month in the company’s history. “Sales performance has …
New developments and increased contracted sales drive profitability into 2019
Revenue growth continues to be driven by unit sales in MNHD’s various projects as well as unit deliveries at the company’s Tag Sultan development, with a deliveries target of 450 units for 2016
MNHD is considering partnerships with developers for non-residential projects during 2016, says GM
The Taj City project’s master plan is designed on an area of 3.5m sqm, close to the Cairo International Airport.