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FinancialNews
01-06-20
Egyptian Madinet Nasr Housing posts expansion in Q1 revenue
(MENAFN)
Financial statements released on Monday by the Egyptian Madinet Nasr for Housing and Development said that the companies revenue stood at USD57.8 million in the starting quarter of the current year.
The revenues of the company came in at a total of USD40.10 million in the starting quarter of the earlier year 2019.
The company saw its net profits reach a total of USD23.90 million in the starting quarter in comparison with USD20.78 million reported in the same period a year earlier.
Standalone revenues of the company increased 40 percent to set at USD50.36 million in comparison with USD36.06 million reported in the 2019 starting quarter.
MENAFN0106202000450000ID1100253598
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