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!
6th Settlement is one of the recent areas in New Cairo City. It is created…
Did you hear the breaking news about the Palm Hills offers and discounts? In a…
What does the word "success" mean to you? Is it being famous? Being charismatic? Loved?…
The real estate market in Egypt specifically, and worldwide in general, has witnessed many changes…
Do you have a property but you don't have the time to manage it? Turn…
The real estate industry is a forever evolving field in Egypt, and innovative businessmen played…