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19 April 05:28 PM

Sector News

Tourah Cement will also sell some scrap to its subsidiaries
30 December 2019 01:04 PM Tourah Cement sells kilns, millers at EGP 31m
Cairo – Mubasher: Tourah Portland Cement Co. announced selling some of the items offered in the public auction held on 16 December, including old kilns and millers of Tourah plant only. The items have been ceased from operation since 2013.   Total …
Companies Investments
The company generated EGP 222.3 million in sales
29 December 2019 04:12 PM Pachin’s profit slips 77% in Q1-19/20
Cairo – Mubasher: Paint and Chemicals Industries (Pachin) posted a 77.36% year-on-year profit slide during the first quarter of fiscal year 2019/2020. Net profits plunged to EGP 3.61 billion in the July-September period, compared to EGP 15.95 …
Financial Results
Sales retreated to EGP 345.26 million in 9M-19
29 December 2019 02:20 PM South Valley Cement 9M losses enlarge 930%
Cairo – Mubasher: South Valley Cement Company posted a 930% year-on-year increase in losses during the first nine months of 2019, according to the company’s financial statements. The cement producer’s losses amounted to EGP 173.9 million in the …
Company News
Pachin reported a net profit of EGP 16.77 million in FY18/19
16 December 2019 01:07 PM Pachin’s shareholders approve EGP 1.75/shr dividend for FY18/19
Cairo – Mubasher: The ordinary general meeting (OGM) of Paint and Chemicals Industries (Pachin) approved a cash dividend distribution of EGP 1.75 per share for the earnings of fiscal year 2018/2019. Dividends will be distributed in two tranches; …
General Assembly
Revenues slid to EGP 846.1 million in 9M-19
15 December 2019 11:28 AM Acrow Misr sees 52% lower consolidated profit in 9M
Cairo – Mubasher: The consolidated financial statements of Acrow Misr for Scaffolding and Formwork indicated a 52% year-on-year (YoY) decrease in profit over the first nine months of 2019. The profits amounted to EGP 76.8 million during the …
General News
Alexandria Portland incurred net losses of EGP 96.58 million in nine months
9 December 2019 11:20 AM Major shareholder offers EGP6/shr to buy remaining shares of Alexandria Portland
Cairo – Mubasher: The board of directors of Alexandria Development Ltd has decided to submit a mandatory tender offer (MTO) to acquire the remaining shares of Alexandria Portland Cement, or 11.07% of the company’s capital shares. Despite the …
Companies Investments
Titan Cement owns an indirect majority stake in Alexandria Portland Cement
8 December 2019 04:37 PM Titan Cement to submit MTO on Alexandria Portland Cement’s shares
Cairo – Mubasher: Alexandria Portland Cement announced that its major shareholder Titan Cement International will submit a mandatory tender offer (MTO) in the upcoming period. Talks are underway with the Egyptian Financial Regulatory Authority …
Mergers and Acquisitions
The firm will distribute EGP 0.47 per share
2 December 2019 11:24 AM Arabian Cement's shareholders nod to EGP 178m dividend for 2018
Cairo – Mubasher: The ordinary general meeting (OGM) of Arabian Cement Co. approved the recommended total cash dividend distribution of EGP 178 million for the previous fiscal year 2018.  The distribution is equivalent to EGP 0.47 per share, …
Cash Dividends
Sales plunged to EGP 4.91 billion
2 December 2019 10:25 AM Suez Cement incurs EGP 495m consolidated losses in 9M
Cairo – Mubasher: The consolidated financial statements of Suez Cement showed a turn to losses during the first nine months of 2019. The cement producer suffered net losses of EGP 495.51 million in the January-September period, against net profits …
Financial Results
Bitumode's net profit came in at EGP 40.5 million
27 November 2019 02:52 PM Bitumode’s profit soars 280% in 9M
Cairo – Mubasher: Modern Waterproofing (Bitumode) saw its net profit surging by 280% year-on-year during the first nine months of 2019, the company’s consolidated financial results showed on Wednesday. The company’s net profit came in at EGP 40.5 …
Company News
Profit plummeted to EGP 430,980 in Q3
26 November 2019 05:37 PM Acrow Misr posts 43% YoY standalone profit decline in 9M/19
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork has reported a 42.7% year-on-year profit decline during the first nine months of 2019, the company's standalone financial statements showed.  The company’s net profit dropped to EGP 77.55 …
Financial Results
Titan Cement acquired an indirect majority stake in Alexandria Cement
26 November 2019 04:13 PM Titan Cement ordered to submit MTO for Alexandria Portland Cement’s shares
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) has obligated Titan Cement International to submit a mandatory tender offer (MTO) to buy the remaining shares in Alexandria Portland Cement within a month. Titan Cement …
Mergers and Acquisitions
The cement producer’s sales retreated to EGP 559.75 million
25 November 2019 03:42 PM Sinai Cement’s consolidated loss widens to EGP 314m in 9M
Cairo – Mubasher: The consolidated financial statements of Sinai Cement reported a 31.34% year-on-year increase in its losses during the first nine months of 2019. Net losses ballooned to EGP 313.72 million during the period from January to …
Financial Results
Alexandria Development Ltd owns an 88.93% stake in Alexandria Portland Cement
24 November 2019 04:39 PM Titan Cement acquires indirect majority stake in Alexandria Portland Cement
Cairo – Mubasher: Alexandria Portland Cement announced that Titan Cement International has acquired the International Finance Corporation’s (IFC) minority stakes in Titan’s businesses in Southeast Europe and Egypt, including Alexandria Development …
Insider Trading & Treasury Stocks
The cement producer logged a net profit of EGP 231.6 million in 2018
19 November 2019 00:30 PM Arabian Cement Co’s board proposes EGP 0.47/shr dividend for 2018
Cairo – Mubasher: The board of directors of Arabian Cement Co. recommended a cash dividend distribution of EGP 0.47 per share for earnings of 2018. The board proposed to distribute a total cash dividend of EGP 178 million to shareholders for the …
Cash Dividends
The real estate firm will establish 21 villas in New Mansoura
19 November 2019 00:11 PM Giza General Contracting awarded EGP 97.9m contract
Cairo – Mubasher: The Egyptian New Urban Communities Authority (NUCA) has awarded an EGP 97.9 million contract to Giza General Contracting and Real Estate Investment Co. Under the deal, the real estate firm will establish 21 villas in New …
Companies Investments
Net profits plummeted to EGP 32.9 million
17 November 2019 11:24 AM Arabian Cement’s profit sinks 85% in 9M
Cairo – Mubasher: Arabian Cement Co. reported an 85% year-on-year profit drop during the first nine months of 2019, according to the company's consolidated financial statement.  Net profits plummeted to EGP 32.9 million in the January-September …
Financial Results
The cement producer incurred net losses of EGP 331.22 million
14 November 2019 04:55 PM Sinai Cement’s standalone loss swells 30% in 9M
Cairo – Mubasher: The standalone financial statement of Sinai Cement showed a 30% year-on-year increase in its net losses during the first nine months of 2019. The cement producer incurred net losses of EGP 331.22 million in the January-September …
Financial Results
Profits amounted to EGP 67.11 million from January to September 2019
14 November 2019 04:16 PM Misr Beni Suef Cement profits down 72% in 9M
Cairo – Mubasher: Misr Beni Suef Cement (MBSC) Company reported a decline in profits during the first nine months of 2019 by 72%, as shown by the company’s financial statements. Profits amounted to EGP 67.11 million from January to September 2019, …
Financial Results
Net profits surged to EGP 20.4 million
14 November 2019 03:36 PM Delta Construction’s profit leaps 97% in 9M
Cairo – Mubasher: Delta for Construction and Rebuilding reported a 97% year-on-year jump in its net profits during the first nine months of 2019. Net profits surged to EGP 20.4 million in the January-September period, compared to EGP 10.3 million …
Financial Results
Standalone losses fell to EGP 43.6m in 9M
14 November 2019 03:22 PM Lecico Egypt sees 700% higher losses in 9M
Cairo – Mubasher: The consolidated financial statements of Lecico Egypt showed higher losses by 700% at EGP 202.6 million during the period from January to September 2019, including minority shareholders’ rights, compared to EGP 25.3 million a …
Company News
Net profits surged to EGP 42.05 million
14 November 2019 03:21 PM GEMMA’s profit climbs 118% in 9M unaudited financials
Cairo – Mubasher: Al Ezz for Ceramics and Porcelain (GEMMA) reported a 118.35% year-on-year profit leap during the first nine months of 2019, the company's unaudited results showed.  Net profits surged to EGP 42.05 million in the January-September …
Financial Results
Net sales rose to EGP 315.598 million
14 November 2019 00:54 PM Bitumode’s standalone profit hikes 126% in 9M
Cairo – Mubasher: The standalone financial statements of Modern Waterproofing (Bitumode) reported a 126.32% year-on-year profit surge during the first nine months of 2019. Net profits grew to EGP 43.29 million in the nine-month period ended 30 …
Financial Results
Sales grew to EGP 2.36 billion
13 November 2019 00:02 PM Misr Cement – Qena posts 67% profit drop in 9M
Cairo – Mubasher: The consolidated financial statements of Misr Cement – Qena showed a 67% year-on-year profit slide during the first nine months of 2019.   Net profits plunged to EGP 29.7 million in the nine-month period ended 30 September, …
Financial Results
Net profits tumbled to EGP 16.77 million
12 November 2019 04:57 PM Pachin’s profit slides 82% in FY18/19
Cairo – Mubasher: The consolidated financial statements of Paint and Chemicals Industries (Pachin) recorded an 81.9% year-on-year profit drop during fiscal year 2018/2019. Net profits tumbled to EGP 16.77 million in the twelve-month period ended …
Financial Results