Madinet Masr For Housing and Development reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 2,354.52 million compared to EGP 1,237.46 million a year ago. Net income was EGP 771.95 million compared to EGP 303.08 million a year ago. Basic earnings per share from continuing operations was EGP 0.301 compared to EGP 0.1259 a year ago.
For the nine months, sales was EGP 4,630 million compared to EGP 3,081.65 million a year ago. Net income was EGP 1,352.18 million compared to EGP 534.2 million a year ago. Basic earnings per share from continuing operations was EGP 0.527 compared to EGP 0.2272 a year ago.