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Reference: SE 7523
EGP 1,948,000
Amr Mamdouh
01003330915
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Sedra Homes
Hotline: 19312
+2 01222181237
Category:
Apartments / Sale
Type:
Penthouse
Price:
EGP 1,948,000 Installment
Price / Sqm:
EGP 9,456 Per Sqm
Finishing Status:
Core & Shell
Area:
206 M2
Floor No.:
4
Bedrooms:
3
Bathrooms:
2
Facing:
check East  
View:
Boulevard
Delivery Date:
2019
License:
Residence License
The type of ownership:
Registered
Last Updated:
Tue 24 Jan 2017

Medinet Nasr Housing and Development for Independent financial results for the first quarter of 2015 , where revenues were 169.7 million pounds , an annual growth rate of 176% , reaching a gross profit margin of 65.3% during the first quarter of 2016 , coupled with the arrival of net profit margin to 39.1% during the same period.

Against this backdrop , net profit rose to $ 66.4 million pounds during the first quarter of 2016 , a growth rate almost doubled compared with 33.7 million pounds during the same period of the previous year.

This is due the remarkable growth the company's revenues during the first quarter of 2016 to continue the handover draft "Taj Sultan" and "Primera" , noting that the company is targeting delivery of 450 units during 2016.

In terms of financial results collected , consolidated revenues amounted to 237.7 million pounds during the first quarter of 2016 , an annual increase of 103% , while net profit amounted to 68.6 million pounds , an annual 90% increase compared to the same period of the previous year. The consolidated financial statements reflect the results of my company-owned contracting company Medinet Nasr housing and Development.

On the other hand it amounted to booking units the company's projects 211.5 million pounds during the first quarter of 2016 , an annual increase of 143% compared with 87.2 million pounds during the first quarter of 2015.

In this context , he expressed Ahmed Haytami Managing Director of Medinet Nasr Housing and Development , pleased with the performance of the company during the first quarter of 2016 , and which is reflected in the remarkable growth of revenue and net profit thanks to strong operating margins.

Haytami He said the company is looking to continue this performance in the coming period in light of ambitious growth , which pursued since 2015 strategy

Amenities

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check Major Street
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check Near Transport
check On the outskirts of town
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check Shopping nearby
check Terrace
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