{"id":628468,"date":"2018-05-06T04:20:24","date_gmt":"2018-05-06T04:20:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/earnings-watch-mnhd-centamin-report-1q2018-results\/"},"modified":"2018-05-06T04:20:24","modified_gmt":"2018-05-06T04:20:24","slug":"earnings-watch-mnhd-centamin-report-1q2018-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/06\/earnings-watch-mnhd-centamin-report-1q2018-results\/","title":{"rendered":"Earnings Watch: MNHD, Centamin report 1Q2018 results"},"content":{"rendered":"<p><strong>EARNINGS WATCH- <\/strong><a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/216237_1.pdf\"><strong>Madinet Nasr Housing and Development posted (pdf)<\/strong><\/a><strong> a net profit after tax of EGP 313.5 mn in 1Q2018<\/strong>, down from EGP 407.2 mn during the same period last year. Top line was 18% lower y-o-y at EGP 610.8 mn, partially due to pre-sales reaching EGP 1.5 bn \u2014 most of which came from MNHD\u2019s new project, Taj City. That\u2019s down from EGP 1.8 bn during the same quarter in 2017. Contracted sales stood at EGP 1 bn during the quarter.<\/p>\n<p><strong>Gold miner Centamin reported a 122% y-o-y rise in profit in 1Q2018<\/strong>, which came in at USD 65.4 mn, according to <a href=\"http:\/\/www.centamin.com\/~\/media\/Files\/C\/Centamin\/documents\/press-releases\/2018\/CEY_RNS_Q1_2018_Results_030518.pdf\">a company statement (pdf)<\/a>. The Sukari gold mine produced 124,296 ounces of gold during the quarter at a cost of USD 581\/oz.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Madinet Nasr Housing and Development posted (pdf) a net profit after tax of EGP 313.5 mn in 1Q2018, down from EGP 407.2 mn during the same period last year. Top line was 18% lower y-o-y at EGP 610.8 mn, partially due to pre-sales reaching EGP 1.5 bn \u2014 most of which came from [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628468","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0677ff5c-1edc-47b4-b535-e3cf08fed5a1","order":"0","is_powered_by":true,"section_story_id":"2aa6b4e5-012c-4d4f-b603-854ccfbb7dd2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628451],"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 Watch: MNHD, Centamin report 1Q2018 results - 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\/05\/06\/earnings-watch-mnhd-centamin-report-1q2018-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings Watch: MNHD, Centamin report 1Q2018 results\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Madinet Nasr Housing and Development posted (pdf) a net profit after tax of EGP 313.5 mn in 1Q2018, down from EGP 407.2 mn during the same period last year. 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The rise in profits was fueled by an 18% increase in revenues to EGP 50.25 mn during the quarter\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598044,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/earnings-watch-ibnsina-pharma-amer-group-ode\/","url_meta":{"origin":628468,"position":1},"title":"Earnings watch: Ibnsina Pharma, Amer Group, ODE","author":"enterpriseam admin","date":"13 May 2019","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma 1Q2019 profits surge 46.6% y-o-y on rapid business growth: Medical products distribution company Ibnsina Pharma reported net profits of EGP 41 mn in 1Q2019 compared to EGP 28 mn a year earlier, a 46.6% y-o-y increase, the company said in a statement (pdf). Quarterly gross revenues\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":573438,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/05\/earnings-watch-centamin-mining-ezz-steel-juhayna-amer-group-mnhd-erc\/","url_meta":{"origin":628468,"position":2},"title":"Earnings Watch: Centamin Mining, Ezz Steel, Juhayna, Amer Group, MNHD, ERC","author":"enterpriseam admin","date":"5 August 2020","format":false,"excerpt":"EARNINGS WATCH- Centamin Mining pre-tax profits surge on rising gold prices, higher production: Centamin Mining\u2019s pre-tax profits soared by 221% during the first half of the year as the company ramped up production from its Sukari mine and gold prices rose. Pre-tax profits rose to USD 191 mn during the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598132,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/earnings-watch-efg-hermes-talaat-moustafa-telecom-egypt-porto-group-credit-agricole-vodafone-egypt\/","url_meta":{"origin":628468,"position":3},"title":"Earnings Watch: EFG Hermes, Talaat Moustafa, Telecom Egypt, Porto Group, Credit Agricole, Vodafone Egypt","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"EARNINGS WATCH- EFG Hermes net profits rise 51% y-o-y in 1Q2019 to EGP 374 mn, the company announced in a statement (pdf). Revenues rose 42% y-o-y to reach EGP 1.3 bn, up from EGP 945 mn in 1Q2018. Earnings growth was driven by a 58% y-o-y increase in commissions and\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":596220,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/earnings-watch-orascom-development-egypt-arabian-cement\/","url_meta":{"origin":628468,"position":4},"title":"Earnings watch: Orascom Development Egypt, Arabian cement","author":"enterpriseam admin","date":"21 August 2019","format":false,"excerpt":"EARNINGS WATCH- ODE doubles y-o-y profit to EGP 205 mn in 2Q2019: Orascom Development Egypt (ODE) doubled its net profits in 2Q2019 to EGP 205.2 mn, up from EGP 101.5 mn in the same period last year, according to an EGX earnings statement (pdf). Revenues for the quarter climbed 50.9%\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":597953,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/earnings-watch-edita-mnhd-report-1q2019-results\/","url_meta":{"origin":628468,"position":5},"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). 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