Madinet Masr For Housing and Development reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EGP 1,226.28 million compared to EGP 1,002.56 million a year ago. Net income was EGP 275.87 million compared to EGP 110.79 million a year ago. Basic earnings per share from continuing operations was EGP 0.1052 compared to EGP 0.0511 a year ago.
For the six months, sales was EGP 2,275.48 million compared to EGP 1,844.19 million a year ago. Net income was EGP 580.23 million compared to EGP 231.13 million a year ago. Basic earnings per share from continuing operations was EGP 0.2223 compared to EGP 0.1033 a year ago.