{"id":564406,"date":"2021-08-30T13:23:56","date_gmt":"2021-08-30T13:23:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/30\/earnings-heliopolis-housing-housing-and-development-bank-mb-engineering\/"},"modified":"2021-08-30T13:23:56","modified_gmt":"2021-08-30T13:23:56","slug":"earnings-heliopolis-housing-housing-and-development-bank-mb-engineering","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/30\/earnings-heliopolis-housing-housing-and-development-bank-mb-engineering\/","title":{"rendered":"Earnings: Heliopolis Housing, Housing and Development Bank + MB Engineering"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Minapharm Pharma bottomline more than doubled during 2Q2021<\/strong>, recording EGP 130.5 mn compared to EGP 48.2 mn last year, according to its <a href=\"https:\/\/ent.news\/2021\/8\/%D9%85%D9%8A%D9%86%D8%A7-%D9%81%D8%A7%D8%B1%D9%85-%D9%82%D9%88%D8%A7%D8%A6%D9%85-%D9%85%D8%AC%D9%85%D8%B9%D8%A9-30-08-2021.pdf\">financial statement (pdf)<\/a>. Revenues during the quarter were up 33% to EGP 681.4 mn from EGP 510 mn last year.<\/p>\n<p><strong>MB Engineering recorded<\/strong> <strong>a net income of EGP <\/strong><strong>1.4 mn in 2Q2021<\/strong> following a EGP 5.5 mn loss during the same period last year, according to the company\u2019s <a href=\"https:\/\/ent.news\/2021\/8\/125780_091048.pdf\">financial statement (pdf)<\/a>. Revenues more than doubled to EGP 56.6 mn during the quarter, up from EGP 22.4 mn last year.<\/p>\n<p><strong>Heliopolis for Housing and Development\u2019s (HHD) net income fell almost 50% y-o-y to <\/strong><strong>EGP 190.9 mn during FY2020-2021<\/strong>, compared to EGP 365.5 mn the year before, the state-owned company said in <a href=\"https:\/\/ent.news\/2021\/8\/30-08-2021-%D9%85%D8%B5%D8%B1-%D8%A7%D9%84%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D9%85%D8%AC%D9%84%D8%B3-%D9%85%D8%A4%D8%B4%D8%B1%D8%A7%D8%AA.pdf\">an EGX filing (pdf)<\/a> today. The falling income came amid a drop-of in revenues, which decreased to EGP 574.2 mn, down 47% from EGP 1.1 bn in FY2019-2020. The company attributed the decline to the coronavirus and failing to sell any plots of land during the year.<\/p>\n<p><strong>The<\/strong> <strong>Housing and Development Bank recorded a bottomline of EGP <\/strong><strong>1 bn during the first <\/strong><strong>six months of the year<\/strong>, a slight drop from EGP 1.06 bn in 1H2020, the bank said in <a href=\"https:\/\/ent.news\/2021\/8\/%D9%85%D8%AC%D9%84%D8%B3-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AA%D8%B9%D9%85%D9%8A%D8%B1-30-08-2021.pdf\">a bourse disclosure (pdf)<\/a>. The bank generated EGP 3.3 bn of revenues in the six-month period, up from EGP 2.9 bn last year, citing improved economic conditions.<\/p>\n<p><strong>MARKET ROUNDUP- <\/strong><\/p>\n<p><strong>The EGX30 rose 0.5% at today\u2019s close<\/strong> on turnover of EGP 2.1 bn (30.5% above the 90-day average). Local investors were net sellers. The index is up 2.9% YTD.<\/p>\n<p><strong>In the green: <\/strong>Heliopolis Housing (+5.6%), Cleopatra Hospitals (+4.7%) and EFG Hermes (+3.4%).<\/p>\n<p><strong>In the red: <\/strong>Mopco (-3.3%), MM Group (-3.1%) and Fawry (-2.7%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minapharm Pharma bottomline more than doubled during 2Q2021, recording EGP 130.5 mn compared to EGP 48.2 mn last year, according to its financial statement (pdf). Revenues during the quarter were up 33% to EGP 681.4 mn from EGP 510 mn last year. MB Engineering recorded a net income of EGP 1.4 mn in 2Q2021 following [&hellip;]<\/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":[7219],"tags":[204,302,409,633,642,157,829,1272,878,427,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564406","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-banking","tag-earnings","tag-earnings-watch","tag-enterprisepm","tag-go-with-the-flow","tag-heliopolis-housing-and-development","tag-housing-and-development-bank","tag-mb-engineering","tag-minapharm","tag-pharma","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"2f13dcc7-f925-451d-8b5f-aa827d18bfd0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[564399],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Earnings: Heliopolis Housing, Housing and Development Bank + MB Engineering - 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\/30\/earnings-heliopolis-housing-housing-and-development-bank-mb-engineering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings: Heliopolis Housing, Housing and Development Bank + MB Engineering\" \/>\n<meta property=\"og:description\" content=\"Minapharm Pharma bottomline more than doubled during 2Q2021, recording EGP 130.5 mn compared to EGP 48.2 mn last year, according to its financial statement (pdf). 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Sidi Kerir Petrochemicals\u2019 net income more than doubled to EGP 520.1 mn\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":564174,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/ibnsina-net-income-up-45-in-2q2021\/","url_meta":{"origin":564406,"position":2},"title":"Ibnsina net income up 45% in 2Q2021","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma saw its net income rise more than 45% to EGP 56.3 mn in 2Q2021, compared to EGP 38.7 mn in the same period last year, according to the company\u2019s earnings release (pdf). The bottom-line growth was fuelled by a 21% rise in revenues, which reached almost\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":551125,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/earnings-watch-hdb-heliopolis-housing-report-1q-2022-results\/","url_meta":{"origin":564406,"position":3},"title":"Earnings watch: HDB + Heliopolis Housing report 1Q 2022 results","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"EARNINGS WATCH-Housing and Development Bank\u2019s (HDB) net income fell 3.5% y-o-y in 1Q 2022 to EGP 628 mn, according to the bank\u2019s latest financial statement (pdf). The bank\u2019s net interest income rose 18.6% y-o-y to EGP 976.50 mn.Heliopolis Housing and Development\u2019s 1Q 2022 bottom line fell 96.9% y-o-y to EGP\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":552148,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/second-quarter-earnings-overdose\/","url_meta":{"origin":564406,"position":4},"title":"Second-quarter earnings overdose","author":"enterpriseam admin","date":"15 August 2022","format":false,"excerpt":"EARNINGS WATCH-Prime Holding narrowed its losses in 2Q 2022 to EGP 10.14 mn, from EGP 14.88 in the same quarter last year, according to the company\u2019s earnings release (pdf). The company\u2019s revenues dipped 3.5% y-o-y during the quarter to EGP 22.78 mn.MM Group reported a 40.6% y-o-y drop in its\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":564194,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/16\/fawry-mm-group-ode-all-report-stellar-earnings-in-2q2021\/","url_meta":{"origin":564406,"position":5},"title":"Fawry, MM Group, ODE all report stellar earnings in 2Q2021","author":"enterpriseam admin","date":"16 August 2021","format":false,"excerpt":"EARNINGS WATCH- Fawry\u2019s net income rose 7% to EGP 51.4 mn in 2Q2021, up from EGP 47.9 mn in the same period last year, according to its financials (pdf). Revenues jumped 35% to EGP 393.6 mn in the April-June period, up from EGP 291.3 mn last year. The modest earnings\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=564406"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564406\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/564399"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=564406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=564406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=564406"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=564406"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=564406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}