Medinet Nasr posts 252% surge in Q1 profit

By Amwal Al Ghad English On May 30, 2012

Medinet Nasr Housing & Development (MNHD) released consolidated financial results for Q1-12, which indicated EGP 19.578 million net earnings, rocketing 252% year-over-year from around EGP 5.556 million.

Meanwhile, standalone financial results for the first quarter mirrored a bottom line of EGP 21.480 million, soaring 198% Y-o-Y from EGP 7.208 million.

Medinet Nasr MNHD Q1 Real Estate

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