Emaar Misr For Development: 2Q22 – Solid growth in revenue and earnings

  • EMFD reported strong 2Q22 revenue of EGP4.5 billion, up 98.7% y/y and 73.2% q/q.

  • Net profit in 2Q22 reached EGP1.5 billion, up 87.1% y/y and down 5.3% q/q.

  • EMFD’s net cash position currently constitutes 83.3% of its market cap.

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