Equity Analysis /
Egypt

MNHD: Egypt (Pharos): Madinet Nasr for Housing and Development: Launches support sales performance

    Tellimer Research
    2 August 2018
    Published byTellimer Research
    2Q18 sales reached EGP1.4 billion, up 89.5% y/y and up 28.7%q/q, and witnessed the launch of Croons and Taval in SARAI. These SARAI phases were sold at an average price of EGP14,000/sqm. The y/y rise in sales was supported by the 83.0% y/y jump in volume to 602 units in 2Q18.