Last Update 18:13
Thursday, 23 September 2021

Egypt's Medinet Nasr posts net profit of LE187 mln

Reuters, Wednesday 12 Mar 2014

Egypt's Medinet Nasr for Housing and Development SAE on Wednesday said its net profit jumped 102.6 percent in 2013 on the back of a 50 percent rise in sales.

The net profit of the company, according to data it published on Wednesday in the Al-Akhbar newspaper, reached 186.88 million pounds ($26.85 million) in the year to end-December 2013 compared with 92.24 million in 2012.

Sales by Medinet Nasr, a public shareholding company engaged in real estate development and housing, increased 50 percent to 658.48 million pounds from 438.97 million pounds in 2012. 

Short link:



© 2010 Ahram Online.