Cairo – Mubasher: Madinet Masr Housing and Development logged consolidated net profits after tax worth EGP 2.91 billion in 2024, an annual leap of 36.94% from EGP 2.12 billion.
The real estate developer generated sales worth EGP 8.46 billion in 2024, up 4.28% year-on-year (YoY) from EGP 8.11 billion, according to the financial results.
Basic earnings per share (EPS) grew to EGP 1.18 at the end of December 2024 from EGP 0.86 a year earlier.
Standalone Business
The standalone net profits after tax amounted to EGP 2.82 billion as of 31 December 2024, higher by 33.26% YoY than EGP 2.12 billion.
Non-consolidated basic EPS hiked by 32.75% YoY to EGP 1.14 in 2024 from EGP 0.86, while the revenues climbed by 7.19% to EGP 8.18 billion from EGP 7.63 billion.
As of 30 September 2024, the consolidated net profits after tax and controlling interest hit EGP 2.51 billion, while the standalone net profits after tax reached EGP 2.56 billion.
