Earnings Report /

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

Mayar El Ashry

Senior Equity Analyst @ Al Ahly Pharos Securities Brokerage

9 November 2021

Published by

Al Ahly Pharos Securities Brokerage

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