{"id":665913,"date":"2025-05-26T00:00:00","date_gmt":"2025-05-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/"},"modified":"2025-05-26T00:00:00","modified_gmt":"2025-05-26T00:00:00","slug":"madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/","title":{"rendered":"Madinet Masr sees dip in income, revenues due to a market correction period"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate d<\/strong><strong>eveloper Madinet Masr saw its net income dip 32.6% y-o-y in 1Q 2025 <\/strong>to EGP 794.9 mn, according to the company\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/5\/2069.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues fell 16.7% y-o-y during the quarter, coming in at EGP 2.6 bn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the dip: <\/strong>The company attributed the decrease in top and bottom lines to a 23.4% y-o-y decline in revenues from new sales. \u201cThis decline comes as the market normalizes from exceptional demand last year, when widespread economic uncertainty had fueled a sharp rise in real estate investments,\u201d the company said in the release.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Contracted sales fell 22.9% y-o-y during the quarter <\/strong>to EGP 11.5 bn due to \u201ca real estate market correction period compared to record-highs last year.\u201d The developer\u2019s Taj City and Sarai projects continued to lead sales \u2014 making up 35.2% and 40.9% of the developer's sales during the three-month period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking ahead: <\/strong>\u201cHeading into the summer months, we remain confident in our ability to grow our developments and deliver on our commitments. With a strong project pipeline, a diversified subsidiary base, and a proactive approach to market trends, Madinet Masr is well-positioned to sustain growth and generate long-term value for all of its stakeholders,\u201d CEO Abdallah Sallam said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO FROM MADINET MASR- <\/strong>Sallam believes that the long-awaited amendment to the Old Rent Law could unlock significant value for Madinet Masr, which owns over 50k sqm of administrative and commercial space in Nasr City under the legacy rental framework, Sallam told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/05\/25\/%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D9%85%D8%B5%D8%B1-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D9%86%D8%AA%D9%88%D9%82%D8%B9-%D8%AA%D8%A7%D8%AB%D9%8A%D8%B1%D8%A7-%D8%A7%D9%8A%D8%AC%D8%A7%D8%A8%D9%8A%D8%A7-%D9%85%D9%86-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D8%A7%D9%8A%D8%AC%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%82%D8%AF%D9%8A%D9%85%D8%A9\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The company expects the move \u2014 if passed \u2014 to have a \u201cpositive impact\u201d on its bottom line and asset valuations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> MPs are currently discussing amendments to the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d53997c1-bf77-4b89-a9f0-baa0c24617cb\/egypt-welcomed-3.9-mn-tourists-during-1q-2025-%25e2%2580%2594-up-25%2525-y-o-y#:~:text=%231%2D%20The%20House,amend%20the%20law.\" style=\"\" rel=\"noopener\">Old Rent Law<\/a>, with proposals on the table to gradually raise rents on long-frozen contracts to a minimum of EGP 500 in rural areas and EGP 1k in cities over five years. The move follows a Supreme Constitutional Court ruling last November that deemed the decades-old fixed rental rates unconstitutional, prompting lawmakers to act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate developer Madinet Masr saw its net income dip 32.6% y-o-y in 1Q 2025 to EGP 794.9 mn, according to the company\u2019s latest earnings release (pdf). Revenues fell 16.7% y-o-y during the quarter, coming in at EGP 2.6 bn. (Tap or click the headline above to read this story with all of the links [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":665914,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[302,409,72,7203,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-madinet-masr","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"6f4589ec-52bd-4859-ae94-f9c1a4d36270","order":"10","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 sees dip in income, revenues due to a market correction period","related_issue":[665895],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.6d53a67f-2b3b-492f-a3a8-4ff41cb948e4.mp3"},"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>Madinet Masr sees dip in income, revenues due to a market correction period - 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\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madinet Masr sees dip in income, revenues due to a market correction period\" \/>\n<meta property=\"og:description\" content=\"Real estate developer Madinet Masr saw its net income dip 32.6% y-o-y in 1Q 2025 to EGP 794.9 mn, according to the company\u2019s latest earnings release (pdf). Revenues fell 16.7% y-o-y during the quarter, coming in at EGP 2.6 bn. (Tap or click the headline above to read this story with all of the links [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-26T00:00:00+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Madinet Masr sees dip in income, revenues due to a market correction period\",\"datePublished\":\"2025-05-26T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/\"},\"wordCount\":355,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1\",\"keywords\":[\"earnings\",\"earnings watch\",\"EnterpriseAM\",\"Madinet Masr\",\"real estate\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/\",\"name\":\"Madinet Masr sees dip in income, revenues due to a market correction period - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-05-26T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#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\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Madinet Masr sees dip in income, revenues due to a market correction period\"}]},{\"@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 sees dip in income, revenues due to a market correction period - 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\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/","og_locale":"en_US","og_type":"article","og_title":"Madinet Masr sees dip in income, revenues due to a market correction period","og_description":"Real estate developer Madinet Masr saw its net income dip 32.6% y-o-y in 1Q 2025 to EGP 794.9 mn, according to the company\u2019s latest earnings release (pdf). Revenues fell 16.7% y-o-y during the quarter, coming in at EGP 2.6 bn. (Tap or click the headline above to read this story with all of the links [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-05-26T00:00:00+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":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Madinet Masr sees dip in income, revenues due to a market correction period","datePublished":"2025-05-26T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/"},"wordCount":355,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1","keywords":["earnings","earnings watch","EnterpriseAM","Madinet Masr","real estate"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/","name":"Madinet Masr sees dip in income, revenues due to a market correction period - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/2070.jpg?fit=%2C&ssl=1","datePublished":"2025-05-26T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#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\/2025\/05\/26\/madinet-masr-sees-dip-in-income-revenues-due-to-a-market-correction-period\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Madinet Masr sees dip in income, revenues due to a market correction period"}]},{"@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":596082,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/10\/madinet-masrs-net-income-more-than-doubles-in-2q-2023\/","url_meta":{"origin":665913,"position":0},"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 &quot;EARNINGS WATCH&quot;","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":639668,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/13\/madinet-masr-juhayna-orascom-development-report-earnings\/","url_meta":{"origin":665913,"position":1},"title":"Madinet Masr, Juhayna, Orascom Development report earnings","author":"enterpriseam admin","date":"13 August 2024","format":false,"excerpt":"Madinet Masr saw its net income rise 149.4% y-o-y during the first half of the year","rel":"","context":"In &quot;EARNINGS WATCH&quot;","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":615983,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/27\/madinet-masr-nearly-tripled-its-earnings-in-2023-saw-record-sales\/","url_meta":{"origin":665913,"position":2},"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 &quot;EARNINGS WATCH&quot;","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":558415,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/09\/mnhds-consolidated-net-income-down-53-in-1h2021\/","url_meta":{"origin":665913,"position":3},"title":"MNHD\u2019s consolidated net income down 53% in 1H2021","author":"enterpriseam admin","date":"9 August 2021","format":false,"excerpt":"Madinet Nasr Housing and Development\u2019s (MNHD) consolidated net income fell 53% y-o-y in 1H2021 to EGP 228.6 mn, down from EGP 481.9 mn the year before, according to the company\u2019s unaudited financials (pdf). Revenues declined 27% y-o-y to EGP 954.5 mn during the six-month period, compared to the EGP 1.3\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":665913,"position":4},"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 &quot;EARNINGS WATCH&quot;","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":587253,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/madinet-masr-profits-more-than-double-in-1q-2023\/","url_meta":{"origin":665913,"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 &quot;EARNINGS WATCH&quot;","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\/665913","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=665913"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665913\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665914"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665913"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665913"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}