Earnings Report /
Egypt

MNHD: Results continue to suffer in shadow of land-sale-backed 2020

  • 9M21 sales dropped 39.6% y/y to EGP2.7 billion from 9M20 level that had been supported by the EGP1.1 billion land sale

  • 3Q21 revenue was down 4.3% y/y to EGP428.4 million, due to a decline in unit deliveries

  • 3Q21 net profit decreased 85.6% y/y and 81.2% q/q to EGP21.4 million

Al Ahly Pharos Securities Brokerage
9 November 2021