{"id":558312,"date":"2021-08-04T04:22:37","date_gmt":"2021-08-04T04:22:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/04\/emaar-misr-net-income-doubles-in-2q2021\/"},"modified":"2021-08-04T04:22:37","modified_gmt":"2021-08-04T04:22:37","slug":"emaar-misr-net-income-doubles-in-2q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/04\/emaar-misr-net-income-doubles-in-2q2021\/","title":{"rendered":"Emaar Misr net income doubles in 2Q2021"},"content":{"rendered":"

Emaar Misr\u2019s net income almost doubled in 2Q2021 to EGP 801.1 mn<\/strong>, up from EGP 409 mn in the same period last year, according to the real estate developer\u2019s latest earnings statement (pdf)<\/a>. The hike came as revenues almost tripled to reach EGP 2.24 bn, up from EGP 795.4 mn in 2Q2020. This the second consecutive quarter of strong growth by the real estate developer after it reported a 114% rise in net income and a 57% increase in revenues in 1Q<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Emaar Misr\u2019s net income almost doubled in 2Q2021 to EGP 801.1 mn, up from EGP 409 mn in the same period last year, according to the real estate developer\u2019s latest earnings statement (pdf). The hike came as revenues almost tripled to reach EGP 2.24 bn, up from EGP 795.4 mn in 2Q2020. This the second […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7208],"tags":[302,409,1527,72,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558312","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-emaar-misr","tag-enterpriseam","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"ced3faa2-ab95-4b2d-9014-9382cc649d8c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[558299],"teaser":"","voice_url":""},"yoast_head":"\nEmaar Misr net income doubles in 2Q2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/04\/emaar-misr-net-income-doubles-in-2q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emaar Misr net income doubles in 2Q2021\" \/>\n<meta property=\"og:description\" content=\"Emaar Misr\u2019s net income almost doubled in 2Q2021 to EGP 801.1 mn, up from EGP 409 mn in the same period last year, according to the real estate developer\u2019s latest earnings statement (pdf). The hike came as revenues almost tripled to reach EGP 2.24 bn, up from EGP 795.4 mn in 2Q2020. 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The jump came as revenues soared during the first quarter of the year to EGP\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595788,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/earnings-emaar-misr-turns-loss-of-egp-324-3-mn-in-3q2019\/","url_meta":{"origin":558312,"position":1},"title":"Earnings: Emaar Misr turns loss of EGP 324.3 mn in 3Q2019","author":"enterpriseam admin","date":"6 August 2019","format":false,"excerpt":"EARNINGS WATCH- Emaar Misr turned net losses of EGP 324.3 mn in 2Q2019, down from a net profit of EGP 598.5 mn in 2Q2018, according to the developer\u2019s earnings release (pdf). This came despite the company\u2019s revenues declining by only 3.4% y-o-y to EGP 890.8 mn from EGP 922.2 mn.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572079,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/10\/earnings-watch-ibnsina-pharma-emaar-misr\/","url_meta":{"origin":558312,"position":2},"title":"Earnings watch: Ibnsina Pharma, Emaar Misr","author":"enterpriseam admin","date":"10 June 2020","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma has reported a 19.8% increase in 1Q2020 net profits to EGP 50.3 mn, from EGP 42 mn in the same period last year, it said in its earnings report (pdf). 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