Earnings Report /
EgyptEmaar 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.
Mayar El Ashry
Vice President @ Al Ahly Pharos Securities Brokerage
15 August 2022
Published byAl Ahly Pharos Securities Brokerage
