Madinet Masr For Housing and Development reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EGP 1,237.46 million compared to EGP 428.36 million a year ago. Net income was EGP 303.08 million compared to EGP 21.43 million a year ago. Basic earnings per share from continuing operations was EGP 0.1259 compared to EGP 0.0098 a year ago.
For the nine months, sales was EGP 3,081.65 million compared to EGP 1,382.96 million a year ago. Net income was EGP 534.2 million compared to EGP 250.04 million a year ago. Basic earnings per share from continuing operations was EGP 0.2272 compared to EGP 0.1239 a year ago.