Madinet Nasr for Housing and Development (MNHD), one of the oldest and largest companies in Egypt, said its net profit for 2015 soared to E£240 million ($30.6 million) from E£213 million ($27 million)
the year earlier.

Since its inception in 1959, MNHD has been developing mega projects to serve the needs of thousands of middle-income Egyptians along with the installation of infrastructure and utilities.

The company's sales registered a slight increase in 2015 reaching E£748 million ($95.2 million) compared to E£743 million ($94.6 million)  a year earlier.-Reuters