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Mon 1 Dec 2008 12:47 AM

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Medinet Nasr Housing quarterly profit up 39%

Egyptian developer reports $5.5mn net profit for three months to end Sept.

Egypt's Medinet Nasr Housing posted a 39 percent rise in net profit to 30.6 million Egyptian pounds ($5.5 million) in the three months to the end of September 2008, the stock exchange said on Sunday.

The company made 22.05 million Egyptian pounds in the same period of 2007, the statement said. It gave no further details.

Shares in the company last traded 3.87 higher at 28.19 pounds.

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