MNHD achieves EGP 4.6bn sales in 10M 2019
Company targets 20%increase in sales 2020, says general manager
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MNHD, AAIB sign EGP 300m loan agreement to finance Sarai project
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share
MNHD revenues record EGP 1.089bn in 1H 2019
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.
MNHD records EGP 634.2m in consolidated revenues in Q1
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 …
MNHD reports EGP 1.72bn in pre-sales for Q1 2019, launches office park
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 …
MNHD approves selling non-residential land plot for EGP 55,000 per sqm
Madinet Nasr for Housing and Development (MNHD) announced on Tuesday its approval to sell a 3,360 sqm land plot for a total of EGP 184,800,000, for EGP 55,000 per sqm to Minka Investment (MI). MNHD, one of Egypt’s leading urban developers, said that the board of directors of the company, during their meeting held on …
MNHD achieves 14.6% Y-o-Y growth in consolidated revenues in 2018
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 …
MNHD achieves pre-sales of EGP 5.5bn in 2018
Company delivered 788 units, keeping its promise to deliver units on time: El Hitamy
MNHD revenues increase by 20.4% to record EGP 2.05bn for 9 months of 2018
Company’s solid top-line growth is result of number of encouraging forces coming together, says CEO
MNHD receives approval of additional heights in Taj City project
An additional 17% to remaining built up area in Taj City
MNHD to complete marketing Shalya Taj City project by end-2019
Company developed 1.2m sqm of its total land bank, says El Hitamy
MNHD studies obtaining EGP 1bn loan to fund Sarai project
Company aims to achieve sales from EGP 5.5-6bn in 2018, says CEO
MNHD targets merger with or acquisition of SODIC
New entity’s aggregate contracted sales will likely cross EGP 14bn mark, says Beltone Financial
Madinet Nasr Housing contracts, reservations surge 46% in 2017
Taj City, Sarai serve as a boost to company pre-sales book
MNHD achieves 13% y-o-y growth in contract sales in Q3 2017 to reach EGP 1.24bn
Contract sales reached EGP 3.64bn YTD
MNHD profits amount to EGP 407.2m in Q1 2017
Company reported consolidated revenues of EGP 751.7m, up 263% y-o-y
MNHD completes development studies of new commercial zone within 6 months
The registration of certificates of deposit in London Stock Exchange will be completed within 6 weeks
Madinet Nasr Housing and Development launches phase two of SARAI
Unit inventory worth EGP 1.8bn sold out
MNHD revenues reach EGP 1.4bn, EGP 730m net profit within 11 months
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. …
MNHD consolidated revenues reach EGP 578.7m, EGP 310.1m net profits in Q3 2016
Taj City and SARAI projects will help company sustain strong growth rates in Q3 of 2016, says report
MNHD plans to secure EGP 2bn via banking alliance, repay within 8 years
The company will propose Sarai’s tender within six months and launch K-Zone project in H1 of 2017
Madinet Nasr Housing & Development reports 787% growth in sales for September
Inflation, devaluation, and lack of alternative options make real estate in Egypt one of the bright spots for growth
MNHD reports 520% increase in contracted sales in August
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 …
MNHD to establish housing projects in the Delta in 2018: El Hitamy
First phase of Sarai project to be launched in the last quarter of 2016
Madinet Nasr Housing and Development profits continue with no end in sight
New developments and increased contracted sales drive profitability into 2019
MNHD registers 176% increase in revenues with 7,600 units under development
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 posts EGP 91m net profit in Q4 of 2015: El-Hitamy
Company attributes revenue growth to increased business size and commitment to delivery dates: MNHD Managing Director
Phase 2 of the Primera Compound to be implemented in current quarter for EGP 70m
MNHD is considering partnerships with developers for non-residential projects during 2016, says GM
MNHD ratifies Taj City’s amended master plan with Ministry of Defence
The Taj City project’s master plan is designed on an area of 3.5m sqm, close to the Cairo International Airport.
MNHD Board approves Al-Hokair Group’s mega mall construction offer
Investments worth EGP 700m are expected to be injected for the development of the mall, says MNHD’s Investor Relations Manager