According to the company’s financial statements filed with the Egyptian Exchange, Emaar Misr for Development (EMFD) reported a consolidated net profit of EGP 529.120 million in quarter one (Q1) 2021.
When compared to EGP 247.561 million in Q1 2020, this represented a 114 percent year on year (YoY) increase.
In Q1 2021, standalone net profit was EGP 529.120 million, up 114 percent from EGP 247.561 million in the previous year.
According to Emaar’s founder, Mohamed Alabbar, the company plans to double its Egypt operations to 30 percent of its overall business.
Emaar Misr was founded in 2007 and is involved in real estate development. It manages business and residential projects such as residential villages and neighbourhoods, business centres, malls and commercial complexes, villas, townhouses and flats.
For the latest updates on Emaar, reach out to us on #AskNawy or call us on +201022088888
Moreover, if you wish to know more about what’s available in the real estate market, you can visit our website Nawy. Take a look at our wide selection of exclusive homes!
Trying to figure out how to organize a home office like a pro? You're not…
Searching for the best fitness center with the best equipment and classes? Whether you are…
Once again, Nawy is making headlines with a brand new acquisition in a lucrative market.…
Have you heard about Marassi Red Sea and been wondering about its details? Building on…
The temperature keeps going up, and summer's heat waves are becoming unbearable. Bringing your beach-loving…
The sun is blazing over Cairo, but you’re not stuck indoors or on a crowded…