Egypt’s MNHD firm posts USD 10.2mn net profit

21 Mar 2016

(MENAFN) Medinet Nasr Housing & Development (MNHD) proclaimed a net income of USD 10.2mn in Q4 of 2015 and whole revenues of USD 84.05mn across the whole year.

Accordingly, last year was transformative for the firm; the administration succeeded in spreading its operations and growing its business.

Moreover, the cited year also saw it laid the groundwork for future growth, with strategic co-development plans in place with Palm Hills Development (PHD).

The net profit of the company across 2015 amounted to USD 27.56mn, an annual increase of 15 percent compared to USD 23.94mn in 2014.

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