Financial Results

(Photo credit: Arabianeye-Reuters)
27 March 04:19 PM Topaz Energy losses increase 52% in Q4
Mubasher: Topaz Energy and Marine Company, a subsidiary of Oman's Renaissance Services Company, on Monday reported a 51.9% rise in its losses in the fourth quarter of 2016. Topaz losses amounted to $97.8 million in Q4-16 compared to $64.4 million …
Photo Credit: Arabianeye-Reuters
27 March 12:56 PM EIPICO profits rise 22% in Q4
Cairo - Mubasher: The financial statements of Egyptian International Pharmaceutical Industries (EIPICO) showed a growth in profits by 22% year-on-year in the fourth quarter of 2016. The company said in a statement to the Egyptian Exchange (EGX) on …
Mubasher
27 March 12:07 PM Analysis: Performance of Saudi companies in Egypt post floatation
Riyadh - Decypha: As the Egyptian government took the long awaited decision to float the local currency last November, the economy began to respond, with some industries realizing unprecedented profits and others barely holding on.   One question …
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27 March 11:37 AM Genial Tours profits fall 37% in 2016
Cairo - Mubasher: The financial statements of Genial Tours showed a decline in annual profits by 36.7% year-on-year in 2016, according to a bourse filing. The company said in a statement to the Egyptian Exchange (EGX) on Monday that profits …
(Photo credit: Arabianeye - Reuters)
27 March 11:19 AM EFG Hermes posts 1234% rise in Q4 profit
Cairo – Mubasher: Egyptian Financial Group Hermes Holding (EFG Hermes) said Monday that its consolidated net profit for the fourth quarter of the fiscal year 2016 soared 1234% to EGP 1.5 billion, compared to EGP 112.4 million for Q4-15. …
(Photo credit: Arabianeye - Reuters)
27 March 11:03 AM Al Kout profits retreat in Q4; 50 fils/shr dividends proposed
Kuwait- Mubasher: The financial statements of Al Kout Industrial Procjects showed a drop by 21.6% in its profits in the fourth quarter of 2016 compared to the same period of 2015. Al Kout’s profits in Q4-16 were KWD 1.6 million ($4.59million), …
(Photo credit: Company's website)
27 March 10:47 AM Ghabbour Auto Q4 losses worsen to EGP 1.17bn
Cairo – Mubasher: Ghabbour Auto said Monday that its consolidated losses for the fourth quarter of the fiscal year 2016 deepened to EGP 1.17 billion, versus losses worth EGP 18.16 million for Q4-16. The company suffered losses of EGP 989.8 million …
(Photo credit: Arabianeye - Reuters)
27 March 10:32 AM Tameer turns profitable in Q4
Cairo – Mubasher: Development and Engineering Consultants’ (Tameer) adjusted financial statements showed a net profit of EGP 39.48 million for the fourth quarter of the fiscal year 2016, compared to a net loss of EGP 4.89 million. Adjusted net …
Source:TMM
27 March 10:22 AM Economic Overview: The effects of EGP flotation on the performance of 50 companies
Cairo - Decypha: The liberalization of the Egyptian pound's exchange rate against foreign currencies has played a key role in determining the profitability and performance of companies in 2016. Data compiled by Decypha has showed that the cement, …
Gulf Cable achieved profits valued at KWD 6.86 million in 2016 (Photo Credit: Arabianeye-Reuters)
27 March 08:59 AM Gulf Cable swings to profits in Q4; 20 fils/shr dividends proposed
Kuwait- Mubasher: The financial statements of Gulf Cable and Electrical Industries Company showed that it turned profitable in the fourth quarter of 2016 compared to the same period of 2015. The company’s profits during Q4-16 were KWD 1.52 million …
Oman
27 March 08:25 AM Oman energy firms see profit decrease by 44%
By: Salama AbdelRahman Oman - Decypha: The collective financial results of energy companies listed in the Muscat Securities Market (MSM) dropped 43.88% in the fourth quarter of 2016 (Q4-16), compared to the same period of 2015, reported Decypha.   …
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26 March 06:32 PM Rakta posts EGP48m losses in 8M
Cairo - Mubasher: Rakta Paper Manufacturing reported losses of EGP 48.09 million during the eight-month period that ended on 28 February 2017, according to a bourse filing. The company said in a statement to the Egyptian Exchange (EGX) on Sunday …
(Photo Credit: Company website)
26 March 05:47 PM Alargan turns profitable in Q4
Kuwait - Mubasher: Alargan International Real Estate Company (ARGAN) turned to profitability in the fourth quarter of 2016, according to the company’s financial statements. The company’s profits of Q4-16 reached KWD 650,000 ($2.13 million) against …
(Photo Credit: Arabianeye-Reuters)
26 March 04:07 PM Petrojet revenues surge to EGP 11.89bn in 2016
Cairo – Mubasher: Petrojet has achieved a 65% growth in revenues on an annual basis in 2016 to EGP 11.9 billion, the company’s president Salah Ismail said in a statement on Sunday. The company has also recorded an unprecedented number of new deals …
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26 March 02:41 PM Al Jazeera Steel to distribute dividends of OMR 1.12m
Mubasher: The ordinary general meeting (OGM) of Al Jazeera Steel Products has approved the distribution of cash dividends to shareholders for last year at 9 baisas per share, with a total value of OMR 1.12 million. The dividends represent 9% of …
(Photo credit: Arabianeye - Reuters)
26 March 02:03 PM North Cairo Mills eyes 25% growth in profits in FY17/18
Cairo – Mubasher: North Cairo Flour Mills said Sunday that it seeks a profit increase of 25.4% in the estimated budget for fiscal year 2017/2018 to EGP 28.1 million, versus an expected profit of EGP 22.4 million for FY16/17. The company plans to …
Photo Credit: Company Website
26 March 01:04 PM EMPC profits surge 635% in 2016 on FX gains
Cairo - Mubasher: The financial indicators of the Egyptian Media Production City (EMPC) showed a jump in profits in 2016 by 635% year-on-year. The company said in a statement to the Egyptian Exchange (EGX) on Sunday that profits totalled EGP 55.5 …
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26 March 12:44 PM Golden Textiles profits down 8% in 2016
Cairo - Mubasher: The independent financial statement of Golden Textiles and Clothes Wool showed a decline in annual profits by 7.9%, according to a bourse filing. Annual profits reached EGP 11.6 million last year down from EGP 12.12 million in …
The Egyptian Exchange (Photo credit: Mubasher)
26 March 12:34 PM Pioneers Q4 consolidated profits reach EGP 229m
Cairo – Mubasher: Pioneers Holding Company for Financial Investment posted on Sunday a consolidated net profit of EGP 229.1 million for the fourth quarter of fiscal year 2016, compared to EGP 552,000 for Q4-15. Consolidated profits for FY16 grew …
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26 March 12:11 PM El Dawlia Fertilizers profits jump 453% in 2016
Cairo - Mubasher: The financial statements of El Dawlia Fertilizers and Chemicals showed a 453% growth in annual profits last year. The company said in a statement to the Egyptian Exchange (EGX) on Sunday that profits totalled EGP 3.3 million in …
(Photo credit: Bank's website)
26 March 10:47 AM Suez Canal Bank EGP 210m profits for FY16
Cairo – Mubasher: Suez Canal Bank said Sunday that its profits before tax rose 151.5% to EGP 393.2 million in fiscal year 2016, from EGP 156.3 million for FY15. Net profits for FY16 amounted to EGP 209.6 million, compared to EGP 156.3 million for …
(Photo credit: Arabianeye - Reuters)
26 March 10:31 AM Ferchem Misr profits for 2016 fall 67%
Cairo – Mubasher: Ferchem Misr for Fertilizers and Chemicals posted on Sunday a year-on-year decrease of 67% in profits for fiscal year 2016. Net profits reached EGP 1.4 million for FY16, compared to EGP 4.3 million for FY15, according to a bourse …
(Photo credit: Company's website)
26 March 10:19 AM Misr Chemical Industries profits down 93.5% in 8M
Cairo – Mubasher: Misr Chemical Industries said Sunday that its profits for the first eight months of fiscal year 2016/2017 declined by 93.5% to EGP 890,000, compared to EGP 13.7 million for the same period in FY15/16, according to a bourse …
The company’s capital amounts to AED 600 million (Photo Credit: Company Website)
26 March 08:14 AM Agthia to discuss 15% dividends late April
Abu Dhabi – Mubasher: Agthia Group said its board recommended on 23 March to distribute 15% dividends, or 15 fils per share, for fiscal year 2016, according to a statement. Total proposed dividends amount to AED 90 million for FY16. The …
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23 March 02:44 PM Manazel Q4 financials turn profitable
Mubasher: Manazel Holding achieved a profit of KWD 1.71 million ($5.6 million) in profits during the fourth quarter of 2016 against a loss of about KWD 102,720 ($336,410) in the same period of 2015, according to a bourse filing issued on Thursday. …