{"id":601100,"date":"2019-02-19T03:59:56","date_gmt":"2019-02-19T03:59:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/egypts-mnhd-reports-a-net-profit-of-egp-1-1-bn-in-2018\/"},"modified":"2019-02-19T03:59:56","modified_gmt":"2019-02-19T03:59:56","slug":"egypts-mnhd-reports-a-net-profit-of-egp-1-1-bn-in-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/egypts-mnhd-reports-a-net-profit-of-egp-1-1-bn-in-2018\/","title":{"rendered":"Egypt\u2019s MNHD reports a net profit of EGP 1.1 bn in 2018"},"content":{"rendered":"

EARNINGS WATCH-<\/b> MNHD reports a net profit of EGP 1.11 bn in 2018:<\/b> Madinet Nasr Housing & Development (MNHD) reported a consolidated net profit after tax of EGP 1.11 bn in 2018, up 19% y-o-y from EGP 933.1 mn in 2017, according to the company\u2019s earnings release (pdf)<\/a>. Consolidated revenues were up to EGP 2.78 bn, a 14.6% increase y-o-y from 2017. \u201cNet profit exceeds the EGP 1 bn-mark, for the first time ever, on the back of robust revenue growth, and bottom-line margin expansion,\u201d the company said in a separate disclosure (pdf)<\/a>. \u201cMNHD\u2019s performance during the year is a vindication of the strategy we have chosen to pursue in recent years,\u201d CEO Ahmed El Hitamy said. MNHD was recently a target of an all-share acquisition bid by SODIC, but the talks broke down<\/a> as the two failed to reach an agreement on the share-swap ratio.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- MNHD reports a net profit of EGP 1.11 bn in 2018: Madinet Nasr Housing & Development (MNHD) reported a consolidated net profit after tax of EGP 1.11 bn in 2018, up 19% y-o-y from EGP 933.1 mn in 2017, according to the company\u2019s earnings release (pdf). Consolidated revenues were up to EGP 2.78 […]<\/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":[8572],"tags":[302,72,7128,5220,83,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601100","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-earnings","tag-enterpriseam","tag-ma-watch","tag-madinet-nasr-housing-development","tag-real-estate","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f0f77bd5-6261-49a9-8f8e-a235aff0c6b8","is_powered_by":true,"section_story_id":"318fee87-108e-455e-9420-6397f2c59f59","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601084],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s MNHD reports a net profit of EGP 1.1 bn in 2018 - 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\/2019\/02\/19\/egypts-mnhd-reports-a-net-profit-of-egp-1-1-bn-in-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s MNHD reports a net profit of EGP 1.1 bn in 2018\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- MNHD reports a net profit of EGP 1.11 bn in 2018: Madinet Nasr Housing & Development (MNHD) reported a consolidated net profit after tax of EGP 1.11 bn in 2018, up 19% y-o-y from EGP 933.1 mn in 2017, according to the company\u2019s earnings release (pdf). Consolidated revenues were up to EGP 2.78 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/egypts-mnhd-reports-a-net-profit-of-egp-1-1-bn-in-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-19T03:59:56+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/egypts-mnhd-reports-a-net-profit-of-egp-1-1-bn-in-2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/egypts-mnhd-reports-a-net-profit-of-egp-1-1-bn-in-2018\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s MNHD reports a net profit of EGP 1.1 bn in 2018\",\"datePublished\":\"2019-02-19T03:59:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/egypts-mnhd-reports-a-net-profit-of-egp-1-1-bn-in-2018\/\"},\"wordCount\":147,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings\",\"EnterpriseAM\",\"M&A Watch\",\"Madinet Nasr Housing & Development\",\"real estate\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/egypts-mnhd-reports-a-net-profit-of-egp-1-1-bn-in-2018\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/egypts-mnhd-reports-a-net-profit-of-egp-1-1-bn-in-2018\/\",\"name\":\"Egypt\u2019s MNHD reports a net profit of EGP 1.1 bn in 2018 - 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