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30 May 05:15 PM FABMISR delivers 108% annual leap in Q1-24 net profit
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, achieved a 108% year-on-year (YoY) jump in net profit to EGP 9.90 billion during the first quarter (Q1) of 2024. FABMISR said it …
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30 May 03:44 PM EFIC’s standalone profit jumps to EGP 158m in Q1-24
Cairo – Mubasher: Egyptian Financial and Industrial Company (EFIC) reported a standlone net profit of EGP 158.20 million in the first quarter (Q1) of 2024, up from EGP 87.26 milliion in the equivalent period of 2023. Sales leapt to EGP 779.63 …
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30 May 03:25 PM ElSaeed Contracting’s consolidated profit grows to EGP 61m in Q1-24
Cairo – Mubasher: The consolidated net profit of ElSaeed Contracting and Real Estate Investment Company rose to EGP 61.03 million in the first quarter (Q1) of 2024 from EGP 54.67 million in the same period a year earlier. Operaring revenues …
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30 May 02:56 PM B Investments Holding’s profits to shareholders near EGP 892m in Q1-24
Cairo – Mubasher: The net profits attributable to the owners of B Investments Holding hit EGP 891.78 million in the first quarter (Q1) of 2024, an annual leap from EGP 331.12 million. The group posted revenues amounting to EGP 230.05 million in …
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30 May 02:15 PM MM Group posts EGP 257m consolidated profit in Q1-24
Cairo – Mubasher: The consolidated net profit of MM Group for Industry and International Trade soared to EGP 257.43 million in the first quarter (Q1) of 2024 from EGP 157.68 million in the same period a year earlier. Net sales rose to EGP 2.76 …
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30 May 01:50 PM EIPICO’s consolidated profit jumps to EGP 603m in Q1-24
Cairo – Mubasher: The consolidated net profit of Egyptian International Pharmaceutical Industries (EIPICO) soared to EGP 603.62 million in the first quarter (Q1) of 2024 from EGP 188.41 million in the same period a year earlier. Net sales surged …
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30 May 01:24 PM IDH logs EGP 401m consolidated profits in Q1-24
Cairo – Mubasher: Integrated Diagnostics Holdings (IDH) posted a consolidated net profit of EGP 401.60 million during the first quarter (Q1) of 2024, up from EGP 168.38 million in the equivalent period of 2023. Revenues jumped to EGP 1.17 billion …
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30 May 01:19 PM Ataqa generates EGP 61m profits in Q1-24
Cairo – Mubasher: The net profits after tax of Misr National Steel (Ataqa) plunged to EGP 60.91 million in the first quarter (Q1) of 2024 from EGP 128.81 million. Revenues amounted to EGP 1.01 billion in Q1-24, higher year-on-year (YoY) than EGP …
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30 May 12:52 PM Eastern Company’s profit shrinks 2% YoY in 9M-23/24
Cairo – Mubasher: Eastern Company posted a 2% year-on-year (YoY) decline in net profit to EGP 5.17 billion during the first nine months (9M) of the fiscal year (FY) of 2023/2024 from EGP 5.29 billion. Net sales declined by 5% YoY to EGP 13.71 …
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30 May 12:10 PM TMG Holding’s consolidated profit leaps to EGP 4.1bn in Q1-24
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) logged a consolidated net profit of EGP 4.13 billion during the first quarter (Q1) of 2024, a surge from EGP 700.13 million in the same quarter a year earlier. Consolidated …
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30 May 11:40 AM EGAS hikes stake in Mopco for EGP 600m
Cairo – Mubasher: The Egyptian Natural Gas Holding Company (EGAS) raised its 8.46% equity ownership in Misr Fertilizers Production Company (Mopco) to 9.07%. EGAS  bought 12.76 million shares from the medical group in exchange for EGP 599.95 …
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30 May 11:09 AM Arab Developers Holding swings to consolidated loss in Q1-24
Cairo – Mubasher: Arab Developers Holding turned to a consolidated net loss of EGP 36.66 million in the first quarter (Q1) of 2024, compared to a net profit of EGP 15.18 million in the same period a year earlier. Consolidated revenues declined to …
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30 May 10:01 AM HD Bank’s consolidated profits leap to EGP 2.8bn in Q1-24
Cairo – Mubasher: The consolidated net profits after tax of Housing and Development Bank (HD Bank) increased to EGP 2.80 billion in the first quarter (Q1) of 2024 from EGP 1.33 billion in Q1-23. Net interest income widened to EGP 3.71 billion in …
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30 May 09:06 AM Telecom Egypt’s consolidated net profit rises 2% YoY in Q1-24
Cairo – Mubasher: Telecom Egypt posted a consolidated net profit after tax and non-controling interests of EGP 3.88 billion during the first quarter (Q1) of 2024, up 1.83% year-on-year (YoY) from EGP 3.81 billion. Consolidated operating revenues …
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30 May 07:46 AM GB Corp’s profits skyrocket in Q1-24; revenues hit EGP 9bn
Cairo – Mubasher: GB Corp logged consolidated net profits after tax and minority interest amounting to EGP 626.33 million in the first quarter (Q1) of 2024, an annual leap of 481.60% from EGP 107.69 million. The group revenues hit EGP 9 billion in …
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29 May 04:56 PM Oriental Weavers’ consolidated profit surpasses EGP 557m in Q1-24
Cairo – Mubasher: Oriental Weavers has posted a consolidated net profit after tax of EGP 557.58 million during the first quarter (Q1) of 2024, up from EGP 403.52 million in the equivalent period of last year. Net sales surged to EGP 5.03 billion …
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29 May 02:30 PM Zahraa Maadi sees 10% higher net profits in Q1-24
Cairo – Mubasher:  Zahraa Maadi Investment and Development posted a 9.76% growth in net profit after tax at EGP 83.67 million during the first quarter (Q1) of 2024, versus EGP 76.23 million in Q1-23. The sales amounted to EGP 134.23 million in the …
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29 May 02:13 PM Arabian Cement posts lower consolidated profits in Q1-24
Cairo – Mubasher: Arabian Cement Company posted consolidated net profits after tax at EGP 152.64 million in the first quarter (Q1) of 2024, an annual drop from EGP 241.77 million. The revenues amounted to EGP 1.93 billion in the January-March 2024 …
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29 May 10:36 AM Raya Holding sees higher consolidated profits in Q1-24, turns to standalone losses
Cairo – Mubasher: Raya Holding for Financial Investment posted a year-on-year (YoY) leap in consolidated net profit after tax and minority interest to EGP 330.95 million during the first quarter (Q1) of 2024. The recorded net profits were compared …
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29 May 09:29 AM Palm Hills registers 298% higher consolidated profits in Q1-24
Cairo – Mubasher: Palm Hills Developments Company recorded consolidated net profits after tax and non-controlling interest worth EGP 1 billion in the first quarter (Q1) of 2024, an annual jump of 298% from EGP 252.67 million. The revenues hiked by …
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29 May 07:46 AM CI Capital’s consolidated profits leap 194% in Q1-24; regional expansion plans unveiled
Cairo – Mubasher: The consolidated net profits after tax and minority interest of CI Capital Holding for Financial Investments hiked by 194% to EGP 939.46 million in the first quarter (Q1) of 2024 from EGP 319.65 million a year earlier. The …
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28 May 02:57 PM Dubai Industrial City boosts regional presence via AED 410m land capacity expansion
Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release. The additional land capacity was acquired through a AED 410 …
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28 May 11:10 AM Misr Cement logs EGP 32m consolidated profit in Q1-24
Cairo – Mubasher: Misr Cement – Qena posted a consolidated net profit after taxes and before non-controlling interest of EGP 32.45 million during the first quarter (Q1) of 2024, down from EGP 85.47 million in the equivalent quarter in 2023. Net …
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28 May 07:52 AM Goldman Sachs raises equity ownership in Cleopatra Hospitals Group
Cairo – Mubasher: Goldman Sachs International, a subsidiary of the Goldman Sachs Group, increased its 4.99% stake in Cleopatra Hospitals Group to 5.12%. The unit purchased 1.70 million shares from the medical group in exchange for EGP 10.39 …
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27 May 02:22 PM Elm to Participate in GITEX Africa 2024
Riyadh – Mubasher: Elm Company is set to participate in the second edition of Africa’s large technology and startup event, GITEX Africa 2024. During the event, Elm will showcase its latest innovative solutions in various fields, including modular …