{"id":562610,"date":"2021-05-31T03:50:59","date_gmt":"2021-05-31T03:50:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/mnhds-consolidated-net-income-falls-70-in-1q2021\/"},"modified":"2021-05-31T03:50:59","modified_gmt":"2021-05-31T03:50:59","slug":"mnhds-consolidated-net-income-falls-70-in-1q2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/mnhds-consolidated-net-income-falls-70-in-1q2021\/","title":{"rendered":"MNHD\u2019s consolidated net income falls 70% in 1Q2021"},"content":{"rendered":"

Madinet Nasr Housing and Development\u2019s (MNHD) consolidated net income fell <\/strong>70% to EGP <\/strong>114.5<\/strong> mn in 1Q2021<\/strong>, down from EGP 378 mn in the same period last year, according to its quarterly financials (pdf)<\/a>. Revenues followed suit with a 46% y-o-y decline to reach EGP 493.1 mn during the three-month period, compared to the EGP 914.9 mn recorded in the same quarter last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Madinet Nasr Housing and Development\u2019s (MNHD) consolidated net income fell 70% to EGP 114.5 mn in 1Q2021, down from EGP 378 mn in the same period last year, according to its quarterly financials (pdf). Revenues followed suit with a 46% y-o-y decline to reach EGP 493.1 mn during the three-month period, compared to the EGP […]<\/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":[302,409,72,353],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562610","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-madinet-masr-for-housing-and-development","wpautop","entry"],"acf":{"mongo_id":"2bb07626-7dd6-4781-b36b-588ad9d6fc07","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[562595],"teaser":"","voice_url":""},"yoast_head":"\nMNHD\u2019s consolidated net income falls 70% in 1Q2021 - 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\/05\/31\/mnhds-consolidated-net-income-falls-70-in-1q2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MNHD\u2019s consolidated net income falls 70% in 1Q2021\" \/>\n<meta property=\"og:description\" content=\"Madinet Nasr Housing and Development\u2019s (MNHD) consolidated net income fell 70% to EGP 114.5 mn in 1Q2021, down from EGP 378 mn in the same period last year, according to its quarterly financials (pdf). Revenues followed suit with a 46% y-o-y decline to reach EGP 493.1 mn during the three-month period, compared to the EGP […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/mnhds-consolidated-net-income-falls-70-in-1q2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-31T03:50:59+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/mnhds-consolidated-net-income-falls-70-in-1q2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/mnhds-consolidated-net-income-falls-70-in-1q2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MNHD\u2019s consolidated net income falls 70% in 1Q2021\",\"datePublished\":\"2021-05-31T03:50:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/mnhds-consolidated-net-income-falls-70-in-1q2021\/\"},\"wordCount\":67,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings\",\"earnings watch\",\"EnterpriseAM\",\"Madinet Masr for Housing and Development\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/mnhds-consolidated-net-income-falls-70-in-1q2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/mnhds-consolidated-net-income-falls-70-in-1q2021\/\",\"name\":\"MNHD\u2019s consolidated net income falls 70% in 1Q2021 - 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MNHD\u2019s earnings statement showed that net income fell 70% y-o-y in\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621277,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/05\/mnhd-reports-a-net-profit-of-egp-869-1-mn-in-9m2018\/","url_meta":{"origin":562610,"position":1},"title":"MNHD reports a net profit of EGP 869.1 mn in 9M2018","author":"enterpriseam admin","date":"5 November 2018","format":false,"excerpt":"EARNINGS WATCH- MNHD reports a net profit of EGP 869.1 mn in 9M2018: Madinet Nasr Housing & Development (MNHD) reported a consolidated net profit of EGP 869.1 mn in 9M2018, up 1.3% y-o-y from the same period last year, according to an MNHD earnings release on Sunday (pdf). Consolidated revenues\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":558415,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/mnhds-consolidated-net-income-down-53-in-1h2021\/","url_meta":{"origin":562610,"position":2},"title":"MNHD\u2019s consolidated net income down 53% in 1H2021","author":"enterpriseam admin","date":"9 August 2021","format":false,"excerpt":"Madinet Nasr Housing and Development\u2019s (MNHD) consolidated net income fell 53% y-o-y in 1H2021 to EGP 228.6 mn, down from EGP 481.9 mn the year before, according to the company\u2019s unaudited financials (pdf). Revenues declined 27% y-o-y to EGP 954.5 mn during the six-month period, compared to the EGP 1.3\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597953,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/earnings-watch-edita-mnhd-report-1q2019-results\/","url_meta":{"origin":562610,"position":3},"title":"Earnings watch: Edita, MNHD report 1Q2019 results","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"EARNINGS WATCH- Edita net profit increases 87.8% y-o-y in 1Q2019: High-profile snack food maker Edita recorded an 87.8% y-o-y increase in net profit for 1Q2019 to EGP 114.3 mn, according to the company\u2019s earnings release (pdf). Revenues from the quarter reached EGP 982.2 mn, up 10.8% y-o-y, while net profit\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":655192,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/14\/ci-capital-eastern-company-and-heliopolis-housing-report-their-earnings\/","url_meta":{"origin":562610,"position":4},"title":"CI Capital, Eastern Company, and Heliopolis Housing report their earnings","author":"enterpriseam admin","date":"14 November 2024","format":false,"excerpt":"CI Capital\u2019s net income after minority interest and taxes came in at EGP 344 mn for 3Q 2024","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1361.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566689,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/07\/oih-dice-report-1q2021-earnings\/","url_meta":{"origin":562610,"position":5},"title":"OIH, Dice report 1Q2021 earnings","author":"enterpriseam admin","date":"7 July 2021","format":false,"excerpt":"EARNINGS WATCH- Orascom Investment Holding (OIH) reported net losses of EGP 31 mn in 1Q2021, compared to a net income of EGP 51.6 mn in the same quarter last year, according to its consolidated financials (pdf). 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