Earnings Report /
Egypt

MNHD: Sales decline and deliveries rise

  • 1H21 sales recorded EGP2.2 billion, down 43.0% y/y due to 1Q20 having included the EGP1.1 billion land sale

  • The rise in deliveries resulted in the 15.5% y/y increase in 2Q21 revenue to EGP461.5 million

  • Net profit reached EGP114.1 million, up 10.0% y/y and down 0.3% q/q

Al Ahly Pharos Securities Brokerage
9 August 2021