Sector News

Cairo – Mubasher: Oriental Weavers Carpet and two of its subsidiaries signed an agreement with the Ministry of Finance and the Ministry of Trade and Industry to settle the backlog of export incentives valued at EGP 322 million, until last June. …

Cairo – Mubasher: The consolidated financial statements of Dice Sport and Casual Wear reported an 11.8% year-on-year profit growth during the first nine months of 2019. Net profits increased to EGP 125.29 million during the January-September …

Cairo – Mubasher: The unaudited financial results of Arab Cotton Ginning showed a turn to losses during the first quarter of fiscal year 2019/2020. The Egyptian firm suffered net losses of EGP 30.18 million during the three-month period ended 30 …

Cairo – Mubasher: Dice Sport and Casual Wear reported an increase in profits by 107% to EGP 98.16 million from January to September of 2019, compared with EGP 47.4 million in the same period last year, as shown by the company's standalone …

Cairo – Mubasher: Eastern Co posted a 7% year-on-year profit growth during the first quarter of fiscal year 2019/2020. The tobacco manufacturer’s net profits increased to EGP 1.05 billion in the July-September period, compared to EGP 991.18 …

Cairo – Mubasher: Alexandria Spinning and Weaving (Spinalex) reported a 112% year-on-year hike in its net losses during the first quarter of fiscal year 2019/2020, dragged by lower sales. The company suffered net losses of EGP 9.007 million in the …

Cairo – Mubasher: The consolidated financial statements of Oriental Weavers Carpet showed a 37% year-on-year profit surge during the first nine months of 2019. Net profits amounted to EGP 597.36 million in the January-September period, compared to …

Cairo – Mubasher: MubasherTrade International has announced that Target For Real Estate Investment, Development, Agricultural Reclamation, and Tourism Development acquired a 3.25% stake in Dice Sport and Casual Wear. Target Real Estate bought 8.61 …

Cairo – Mubasher: The unaudited financial results of Arab Polvara Spinning and Weaving (APSW) reported a 10% year-on-year decline in its losses during the first nine months of 2019. Net losses fell to EGP 5.73 million in the January-September …

Cairo – Mubasher: El Nasr Clothing and Textiles (KABO) used the total proceeds of the capital raise subscription amounting to EGP 57.31 million at the end of last June. An amount of EGP 16.03 million was used to increase the capital of Alexandria …

Cairo – Mubasher: The unaudited financial results of the General Company for Ceramic and Porcelain Products (Sheeni) showed a 280.8% year-on-year increase in losses during the first quarter of fiscal year 2019/2020, the company’s board of …

Cairo – Mubasher: The ordinary general meeting (OGM) of Eastern Co approved a cash dividend distribution of EGP 1 per share for fiscal year 2018/2019. An amount of EGP 0.40 per share of the cash dividend will be postponed for three months to be …

Cairo – Mubasher: The extraordinary general meeting (EGM) of the General Company for Ceramic and Porcelain Products (Sheeni) decided not to liquidate the company. As the financial results improved during the first quarter of fiscal year 2019/2020, …

Cairo – Mubasher: The extraordinary general meeting (EGM) of Dice Sport and Casual Wear (Dice) approved increasing the company’s capital to EGP 106 million from EGP 53 million through issuing 265 million bonus shares to be financed from the …

Cairo – Mubasher: The consolidated financial statements of Arab Cotton Ginning showed a 99% profit drop during fiscal year 2018/2019. Net profits plunged to EGP 1.66 million in the twelve-month period ended 30 June, compared to EGP 166.1 million …

Cairo – Mubasher: The ordinary general meeting (OGM) of Arab Cotton Ginning approved to distribute cash dividends of EGP 0.10 per share for fiscal year 2018/2019. Meanwhile, the OGM approved the firm’s financial statements and the board of …

Cairo – Mubasher: The consolidated financial statements of El Nasr Clothing and Textiles (KABO) revealed a year-on-year turn to losses during fiscal year 2018/2019. The losses of the period totaled EGP 35.25 million from July 2018 to June 2019, …

Cairo – Mubasher: The unaudited financial results of El Nasr Clothing and Textiles (KABO) revealed a marginal year-on-year decline in profits during fiscal year 2018/2019. The company’s profits decreased to EGP 27.2 million during the period from …

Cairo – Mubasher: The unaudited financial results of the General Company for Ceramic and Porcelain Products (Sheeni) reported a 345% year-on-year increase in its losses during fiscal year 2018/2019. The company incurred net losses after taxes of …

Cairo – Mubasher: Saudi Egyptian Industrial Investment Co. has increased its stake in Arab Cotton Ginning to 5.09% from 4.80%. The transaction involves 775,000 shares at a total value of EGP 1.55 million with a selling price of EGP 2 apiece, Arab …

Cairo – Mubasher: Arab Cotton Ginning’s board of directors recommended a cash dividend distribution of EGP 0.10 per share for fiscal year 2018/2019. The proposed dividends are still pending approval of the extraordinary general meeting (EGM) …

Cairo – Mubasher: Eastern Co.’s board of directors recommended a cash dividend distribution of EGP 1 per share for fiscal year 2018/2019. The board proposed distributing dividends of EGP 2.25 billion to shareholders for the last fiscal year, the …

Cairo – Mubasher: Arab Cotton Ginning posted a 62.2% year-on-year standalone profit decline during fiscal year 2018/2019. Net profits dipped to EGP 33.73 million from July 2018 to last June, compared to EGP 89.49 million in the year-ago period, …