{"id":639668,"date":"2024-08-13T00:00:00","date_gmt":"2024-08-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/"},"modified":"2024-08-13T00:00:00","modified_gmt":"2024-08-13T00:00:00","slug":"madinet-masr-juhayna-orascom-development-report-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/","title":{"rendered":"Madinet Masr, Juhayna, Orascom Development report earnings"},"content":{"rendered":"

Earnings, earnings: <\/strong>Yesterday we saw two real estate giants \u2014 Madinet Masr and Orascom Develeopment \u2014 and dairy producer Juhayna report their earnings for 1H 2024. <\/p>\n

MADINET MASR\u2019S SALES HIT A RECORD HIGH- <\/p>\n

Madinet Masr sees income more than double: <\/strong>EGX-listed real estate developer Madinet Masr saw its net income rise 149.4% y-o-y during the first half of the year to record EGP 1.5 bn, according to the company\u2019s earnings<\/a>release<\/a>(pdf)<\/a>. Revenues came in at just over EGP 4.3 bn, up 95.8% y-o-y as the company \u201cfocused on driving sales and revenue growth through the launch of new projects and phases across [its] developments.\u201d<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Sales hit a fresh high:<\/strong> Madinet Masr\u2019s gross contracted sales hit a record high of EGP 20.9 bn during 1H 2024, rising 294% y-o-y. Some 69.1% of the sales came from the company\u2019s Sarai<\/a> project, while 30.7% came from its Taj City<\/a> project.<\/p>\n

It was a different story for 2Q 2024:<\/strong> On a quarterly basis, the developer\u2019s net income came in at EGP 281.3 mn in 2Q 2024, up 0.3% from the figure reported during the same period last year. Revenues stood at EGP 1.3 bn for the quarter, up 11.2% y-o-y. During the quarter, the company saw its gross contracted sales rise 71.3% y-o-y to EGP 6 bn \u2014 72.1% of the sales came from the Sarai project and 27.8% came from the Taj City project. <\/p>\n

Looking ahead:<\/strong> \u201cAs we move into the second half of 2024, we remain optimistic about the opportunities ahead. Our strategic priorities will continue to focus on sustainable growth, customer-centric innovation, and operational excellence,\u201d CEO Abdallah Sallam said. <\/p>\n

ALSO- Madinet Masr goes to KSA:<\/strong> The developer has set up a real estate asset management subsidiary under the name \u201cDoors\u201d and is planning to inaugurate the first regional branch of the new subsidiary in Saudi Arabia as a prologue to further regional expansion, the developer said in EGX disclosures (here (pdf)<\/a> and here (pdf)<\/a>). The real estate developer will also set up three other subsidiaries \u2014 a sports club manager, a residential communities manager, and a finishing services company.<\/p>\n

JUHAYNA REPORTS \u201cIMPRESSIVE\u201d EARNINGS IN 1H- <\/p>\n

Juhayna sees income, revenues rise:<\/strong> Dairy giant Juhayna saw its next income jump 166% y-o-y to EGP 1.5 bn during 1H 2024, according to its latest earnings release (pdf)<\/a>. Revenues saw a 69% y-o-y increase during the half to record EGP 11.5 bn. <\/p>\n

On a quarterly basis: <\/strong>The company logged some EGP 1 bn in net income during 2Q 2024, up 362% y-o-y thanks t o \u201cthe ongoing success in both the concentrate segment and the export of finished products.\u201d Revenues saw a 70% y-o-y increase to EGP 6 bn during the second quarter of the year. <\/p>\n

Exports nearly tripled:<\/strong> Juhayna's export sales across concentrates surged 190% y-o-y to hit EGP 1.9 bn during 1H 2024, contributing 17% of the company's total revenues. In USD terms, exports grew 116% y-o-y to reach USD 46.7 mn in 1H 2024. \u201cJuhayna is actively expanding its global presence and exploring new opportunities to further enhance its export segment, demonstrating a commitment to sustainable growth and market diversification,\u201d the company said. <\/p>\n

The company also announced strategic changes<\/strong>, including the appointment of Tarek Elwan (LinkedIn<\/a>) as the company\u2019s new CFO \u2014 part of the company\u2019s \u201cevolution from a local business to a global enterprise.\u201d<\/p>\n

ODE SEES BOTTOM LINE HOLD STEADY DESPITE FX LOSSES- <\/p>\n

EGX-listed Orascom Development Egypt (ODE) saw its net income dip slightly<\/strong> to EGP 942.7 mn from EGP 1.0 bn in 1H 2024, remaining almost unchanged despite significant FX losses during the six-month period, the company said in ist earnings release (pdf)<\/a>. Revenues were up 64.9% y-o-y to EGP 10.2 bn during the first half of 2024. <\/p>\n

Adjusted net income grew after excluding FX losses:<\/strong> The company incurred a hefty loss of EGP 2.3 bn during the six-month period, EGP 2.2 bn of which was from foreign currency losses due to the EGP float. The company\u2019s adjusted net income for 1H 2024 \u2014 excluding FX losses \u2014 increased to EGP 3.2 bn, up 135.7% y-o-y.<\/p>\n

Net real estate sales <\/strong>more than doubled y-o-y increase during the half to EGP 15.7 bn \u2014 El Gouna contributed 50% of sales, O West development contributed 36% of sales, and Makadi Heights made up 14%. Selling prices were up across all developments, rising most steeply in El Gouna by 67.3%.<\/p>\n

In the second quarter:<\/strong> The developer\u2019s topline saw a 86.4% y-o-y jump to EGP 6 bn during the second quarter of the year. Meanwhile, net income for the quarter came in at a record-breaking EGP 1.9 bn, up 209.8% y-o-y thanks to growth across all business segments.<\/p>\n","protected":false},"excerpt":{"rendered":"

Madinet Masr saw its net income rise 149.4% y-o-y during the first half of the year<\/p>\n","protected":false},"author":1,"featured_media":639669,"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":[302,409,72,1027,7203,256,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-juhayna","tag-madinet-masr","tag-orascom-development-egypt","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"e138b7f8-4bb2-4347-ab08-407e1e562070","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2070.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Madinet Masr, Juhayna, Orascom Development report earnings","related_issue":[639656],"teaser":"Madinet Masr saw its net income rise 149.4% y-o-y during the first half of the year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.c6858949-3cfa-4033-a162-4774d6eb9f56.mp3"},"yoast_head":"\nMadinet Masr, Juhayna, Orascom Development report earnings - 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\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madinet Masr, Juhayna, Orascom Development report earnings\" \/>\n<meta property=\"og:description\" content=\"Madinet Masr saw its net income rise 149.4% y-o-y during the first half of the year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Madinet Masr, Juhayna, Orascom Development report earnings\",\"datePublished\":\"2024-08-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/\"},\"wordCount\":750,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1\",\"keywords\":[\"earnings\",\"earnings watch\",\"EnterpriseAM\",\"Juhayna\",\"Madinet Masr\",\"Orascom Development Egypt\",\"real estate\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/\",\"name\":\"Madinet Masr, Juhayna, Orascom Development report earnings - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-08-13T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Madinet Masr, Juhayna, Orascom Development report earnings\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Madinet Masr, Juhayna, Orascom Development report earnings - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/","og_locale":"en_US","og_type":"article","og_title":"Madinet Masr, Juhayna, Orascom Development report earnings","og_description":"Madinet Masr saw its net income rise 149.4% y-o-y during the first half of the year","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-08-13T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Madinet Masr, Juhayna, Orascom Development report earnings","datePublished":"2024-08-13T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/"},"wordCount":750,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1","keywords":["earnings","earnings watch","EnterpriseAM","Juhayna","Madinet Masr","Orascom Development Egypt","real estate"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/","name":"Madinet Masr, Juhayna, Orascom Development report earnings - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1","datePublished":"2024-08-13T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Madinet Masr, Juhayna, Orascom Development report earnings"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":615983,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/27\/madinet-masr-nearly-tripled-its-earnings-in-2023-saw-record-sales\/","url_meta":{"origin":639668,"position":0},"title":"Madinet Masr nearly tripled its earnings in 2023, saw record sales","author":"enterpriseam admin","date":"27 February 2024","format":false,"excerpt":"The company\u2019s growth was driven by sales at Taj City and Sarai projects","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\/2\/2568.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":655036,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/12\/orascom-development-e-finance-madinet-masr-report-3q-earnings\/","url_meta":{"origin":639668,"position":1},"title":"Orascom Development, E-finance, Madinet Masr report 3Q earnings","author":"enterpriseam admin","date":"12 November 2024","format":false,"excerpt":"E-finance saw its net income after non-controlling interest rise 47% y-o-y","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\/8\/2566.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620795,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/27\/madinet-masr-nearly-tripled-its-income-in-1q\/","url_meta":{"origin":639668,"position":2},"title":"Madinet Masr nearly tripled its income in 1Q","author":"enterpriseam admin","date":"27 May 2024","format":false,"excerpt":"The developer saw its gross contracted sales grow more than 8x in the quarter","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\/5\/2070.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596082,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/10\/madinet-masrs-net-income-more-than-doubles-in-2q-2023\/","url_meta":{"origin":639668,"position":3},"title":"Madinet Masr\u2019s net income more than doubles in 2Q 2023","author":"enterpriseam admin","date":"10 August 2023","format":false,"excerpt":"Sales value was up in 1H 2023 despite a dip in the number of units sold","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\/2023\/8\/493.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":609864,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/12\/madinet-masrs-earnings-more-than-double-in-9m-2023-on-record-sales\/","url_meta":{"origin":639668,"position":4},"title":"Madinet Masr\u2019s earnings more than double in 9M 2023 on record sales","author":"enterpriseam admin","date":"12 November 2023","format":false,"excerpt":"The real estate developer is on track for record sales by the year\u2019s end","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\/2023\/11\/512.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587253,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/madinet-masr-profits-more-than-double-in-1q-2023\/","url_meta":{"origin":639668,"position":5},"title":"Madinet Masr profits more than double in 1Q 2023","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"EGX-listed real estate developer Madinet Masr reported EGP 304.4 mn in net income in 1Q 2023, up 153% y-o-y,according to its earnings release (pdf). Revenues climbed 24% y-o-y to EGP 1 bn during the period on the back of higher gross contracted sales. Sales values were up even as unit\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\/2023\/5\/1290.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639668","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=639668"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639668\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/639656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/639669"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=639668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=639668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=639668"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=639668"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=639668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}