{"id":604918,"date":"2018-12-17T04:23:13","date_gmt":"2018-12-17T04:23:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018\/"},"modified":"2018-12-17T04:23:13","modified_gmt":"2018-12-17T04:23:13","slug":"earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018\/","title":{"rendered":"Earnings Watch: SODIC reports 44% y-o-y net profit growth in 3Q2018"},"content":{"rendered":"

EARNINGS WATCH- SODIC reported 44% y-o-y growth in its bottom line to EGP 238 mn in 3Q2018 <\/b>with a strong net profit margin of 26%, the company said in its earnings release (pdf)<\/a>. Revenues reached EGP 909 mn for the quarter, marking a 56% increase y-o-y, driven by \u201cdeliveries in Caesar and Villette that contributed to 42% of the delivered value during the quarter.\u201d Net contracted sales were up 20% y-o-y, coming in at EGP 1.3 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- SODIC reported 44% y-o-y growth in its bottom line to EGP 238 mn in 3Q2018 with a strong net profit margin of 26%, the company said in its earnings release (pdf). Revenues reached EGP 909 mn for the quarter, marking a 56% increase y-o-y, driven by \u201cdeliveries in Caesar and Villette that contributed […]<\/p>\n","protected":false},"author":1,"featured_media":604919,"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":[409,72,353,312,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-earnings-watch","tag-enterpriseam","tag-madinet-masr-for-housing-and-development","tag-sodic","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8ac37fa3-2bd3-46a5-8c07-640462d6dc57","order":"0","is_powered_by":true,"section_story_id":"2b0a2dc6-e598-4b1f-a1df-7248f6032557","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/12\/561.jpg","photo_position":"above","related_issue":[604907],"teaser":"","voice_url":""},"yoast_head":"\nEarnings Watch: SODIC reports 44% y-o-y net profit growth in 3Q2018 - 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\/2018\/12\/17\/earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings Watch: SODIC reports 44% y-o-y net profit growth in 3Q2018\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- SODIC reported 44% y-o-y growth in its bottom line to EGP 238 mn in 3Q2018 with a strong net profit margin of 26%, the company said in its earnings release (pdf). Revenues reached EGP 909 mn for the quarter, marking a 56% increase y-o-y, driven by \u201cdeliveries in Caesar and Villette that contributed […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-17T04:23:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/561.jpg?fit=%2C&ssl=1\" \/>\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\/2018\/12\/17\/earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Earnings Watch: SODIC reports 44% y-o-y net profit growth in 3Q2018\",\"datePublished\":\"2018-12-17T04:23:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018\/\"},\"wordCount\":79,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/561.jpg?fit=%2C&ssl=1\",\"keywords\":[\"earnings watch\",\"EnterpriseAM\",\"Madinet Masr for Housing and Development\",\"SODIC\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/earnings-watch-sodic-reports-44-y-o-y-net-profit-growth-in-3q2018\/\",\"name\":\"Earnings Watch: SODIC reports 44% y-o-y net profit growth in 3Q2018 - 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Revenues for the quarter were up 21.5% y-o-y to EGP 238.4 mn, up from EGP 196.3 mn during the same period last year.","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":647689,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/17\/earnings-watch-sodic-orascom-hotels-and-development-orascom-development\/","url_meta":{"origin":604918,"position":1},"title":"Earnings Watch: SODIC, Orascom Hotels and Development, Orascom Development","author":"enterpriseam admin","date":"17 May 2017","format":false,"excerpt":"EARNINGS WATCH- Our friends at SODIC reported a 321% y-o-y increase in net profit to EGP 211 mn in 1Q2017. The increase came on a 275% y-o-y increase in revenues \u201creflecting the ramp up in delivered units. Revenues were bolstered by deliveries in Eastown Residences and Westown Residences that combined\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":642642,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/earnings-watch-sodic\/","url_meta":{"origin":604918,"position":2},"title":"Earnings watch: SODIC","author":"enterpriseam admin","date":"20 August 2017","format":false,"excerpt":"EARNINGS WATCH- Our friends at SODIC reported a 130% y-o-y increase in consolidated net profit to EGP 340 mn in 1H2017. Revenues increased by 88% y-o-y to EGP 1.173 bn. 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