Mena Touristic and Real Estate Investment (MENA)

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News

26 May 2022 04:33 PM Bahraini Lamar acquires Kuwaiti Mawared’s stake in Egypt-based Mena

Cairo – Mubasher: Bahrain-based Lamar Holding has increased its stake in Mena for Touristic and Real Estate Investment Company (Mena) to 16.49% from 10.87%. The energy investment company purchased 13.60 million shares in Mena from Kuwait’s Mawared …

Companies Investments

16 June 2020 00:12 PM Mena Touristic losses up 19.2% in Q1-20

Cairo – Mubasher: The consolidated financial statements of Mena For Touristic And Real Estate Investment Company (MENA) showed a 19.2% increase in net losses during the first quarter (Q1) of 2020. The losses for the period amounted to EGP 6.23 …

Financial Results

28 February 2018 01:51 PM MENA receives EGP 225m offer for selling MTR

Cairo – Mubasher: Mena For Touristic And Real Estate Investment Company (MENA) on Wednesday said that it has received an offer to sell its 99.98% stake in Mena Touristic Resorts (MTR) for EGP 225 million. The Egypt-based company is considering the …

Mergers and Acquisitions

14 May 2017 00:10 PM Mena Touristic Q1 profits down 30%

Cairo - Mubasher: The consolidated financial statements of Mena Touristic and Real Estate Investment showed a decline in profits in the first quarter of 2017by 29.6% year-on-year, according to a bourse filing. The company said in a statement to …

Financial Results

12 March 2017 02:20 PM Mena Touristic Investment profits down 8% in 2016

Cairo - Mubasher: Mena Touristic and Real Estate Investment reported a decline in profits in 2016 by 7.9% compared to the year before. Annual profits totalled EGP 25.26 million during last year, down from EGP 27.44 million in 2015, according to …

Financial Results

10 November 2016 00:17 PM Mena Real Estate Investment profits up 29.8% in Q3

Cairo – Mubasher: Mena Touristic and Real Estate Investment posted an increase of 29.8% in net profits for the third quarter of 2016. The company reported net profits of EGP 7.57 million for the Q3 – 2016, up from EGP 5.83 million a year earlier. …

Financial Results

11 August 2016 10:32 AM Mena Touristic narrows losses by 25% in Q2

Cairo – Mubasher: Mena Touristic and Real Estate Investment brought down its losses for the second quarter of 2016 by 25%. The company logged losses of EGP 3.4 million ($381,000) in Q2-2016, compared with EGP 4.55 million ($511,000) for the same …

Financial Results

15 May 2016 11:49 AM Mena’s profits down 69% in Q1

Cairo – Mubasher: Mena Touristic and Real Estate Investment Company’s consolidated profits declined in the first quarter of fiscal 2016 by 68.6% year-on-year. Net profit reached EGP 11.48 million ($1.29 million) in Q1-16, versus EGP 36.59 million …

Financial Results

11 August 2015 02:07 PM Mena Touristic swings to profit in H1

Cairo – Mubasher: Mena Touristic and Real Estate Investment turned to profitability in the first half of 2015, as it posted EGP 32 million in net profits against EGP 7.4 million in losses for the same period of the previous year. The company's …

Financial Results

8 June 2015 06:38 PM Mena Touristic targets EGP 32m profits in 2015

Cairo-Mubasher: Mena Touristic and Real Estate Investment said on Monday it targets EGP 32.04 million in net profits before tax for 2015.The company added in a bourse statement that it expects revenues to reach EGP 70.13 million at the end of this …

Corporate Actions

3 May 2015 11:38 AM Mena Touristic to offset EGP 56m losses

Shareholders of Mena Touristic and Real Estate Investment approved offsetting deferred losses of nearly EGP 56 million.The company reported EGP 11.8 million in losses in 2014, against EGP 13.9 million in profits for the previous year.Mena …

Corporate Actions

29 April 2015 11:47 AM Mena Touristic turns to profit in Q1

Mena Touristic Investment turned to profit in the first quarter of 2015, as its consolidated net profits reached EGP 36.6 million against EGP 6.4 million in losses for the same period of 2014.  The company posted unconsolidated net profits of …

Company News

2 April 2015 11:38 AM Mena Touristic turns to loss in 2014

Mena Touristic and Real Estate Investment Co. suffered EGP 11.8 million ($3.1 million) in consolidated losses in 2014, against EGP 13.9 million ($3.7 million) in profits the previous year, according to the company's financial statements for …

Financial Results

2 March 2015 10:58 AM Mena Touristic sells property for $6.2m

Mena Touristic and Real Estate Investment announced that it has concluded a sales agreement with Commercial International Bank -COMI for a property at smart village. A bourse filling noted that Mena Touristic has sold the property in return …

Company News

25 December 2014 01:08 PM Mena scraps contract to sell land plot to Al-Diwan

Mena Touristic & Real Estate Investment Co. announced, in a statement to the stock market, it revoked a partnership contract with Al-Diwan Co., dated December 3, for the establishment of an administrative building over an owned land …

Company News

17 November 2014 00:05 PM Mena Touristic turns to loss, logs EGP2.8m in 9M

Mena Touristic and Real Estate Investment posted EGP 2.8 million consolidated net loss for the first nine months of FY14, against EGP 22.3 million net profit reported in the same period a year earlier.Standalone financial results for the …

Company News

14 August 2014 02:39 PM Mena Touristic turns to loss with EGP7.4 mln in H1-14

Mena Touristic and Real Estate Investment posted EGP 7.4 million consolidated net loss for H1-14, against EGP 30.5 million net profit in H1-13.H1 standalone financial results showed EGP 13.9 million net loss, versus EGP 24.8 million …

Company News