ArabFinance: Emaar Misr for Development (EMFD) announced a 3.5% Year-on-Year lower to the consolidated gain in 2020, as per the company’s March 7th financial statement recorded to the Egyptian Exchange.
The combined total profit is EGP 1.678 billion in 2020, in comparison to EGP 1.739 billion gained a year before.
Standalone total profit reached EGP 1.678 billion in 2020, a 3.5% lower from EGP 1.739 billion provided in 2019.
Emaar Misr agreed on two contracts with Hassan Allam Holding and Orascom Construction Plc two new hotels in North Coast.
Established in 2007, Emaar Misr is engaged in real estate development operations. It undertakes commercial and residential development projects such as residential villages and communities, business centers, malls, and shopping complexes, villas, townhouses, and apartments.
Set up in 2007, Emaar Misr is occupied with land improvement tasks. It attempts business and private advancement undertakings like communities, business centers, malls, and shopping complexes, villas, townhouses, and apartments.