Asek Company for Mining - Ascom (ASCM)

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News

17 November 06:53 PM Classic model endorses return of buying power for ASCOM stock

Cairo – Mubasher: The Asek Company for Mining - ASCOM stock has been witnessing notable development in recent weeks, as it ended the correction wave it started from the peak of EGP 54 pounds at a pivotal support zone between EGP 44-45, an area …

Trading Activities

2 November 11:47 AM Ascom turns profitable in Q1-25; consolidated revenues exceed EGP 944m

Cairo - Mubasher: Asec Company for Mining (ASCOM) shifted to consolidated net profits after tax of EGP 38.57 million in the first quarter (Q1) of 2025, against net losses of EGP 25.67 million in Q1-24. Earnings per share (EPS) stood at EGP 0.36 in …

Financial Results

9 July 08:42 AM ASCOM swings to losses in 2024; consolidated revenues hit EGP 3.2bn

Cairo – Mubasher: Asec Company for Mining (ASCOM) incurred consolidated net losses after tax valued at EGP 331.82 million in 2024, against net profits worth EGP 1.95 billion as of 31 December 2023. Revenues from contracts hiked to EGP 3.22 billion …

Financial Results

23 June 2024 02:10 PM ASCOM shifts to net losses in Q1-24 results

Cairo – Mubasher: Asec Company for Mining (ASCOM) turned to net losses worth EGP 25.67 million in the first quarter (Q1) of 2024, versus net profits worth EGP 38.58 million in Q1-23. Revenues climbed to EGP 759.97 million as of 31 March 2024 from …

Financial Results

7 May 2024 03:29 PM ASCOM registers leap in 2023 consolidated profits

Cairo – Mubasher: The consolidated net profits after tax of Asec Company for Mining (ASCOM) widened to EGP 1.95 billion in 2023 from EGP 96.90 million as of 31 December 2022. The EGX-listed firm generated revenues valued at EGP 1.92 billion last …

Financial Results

19 February 2024 00:31 PM ASCOM’s OGM nods to cutting issued capital by EGP 50m

Cairo – Mubasher: Asec Company for Mining’s (ASCOM) ordinary general meeting (OGM) approved reducing the company’s issued capital by EGP 50 million to EGP 500 million. The capital cut will be conducted through writing off 5 million treasury …

Corporate Actions

24 December 2023 11:11 AM ASCOM generates higher consolidated profits in 9M-23 at EGP 2.25bn

Cairo – Mubasher: Asec Company for Mining (ASCOM) logged consolidated net profit after tax amounting to EGP 2.25 billion in the first nine months (9M) of 2023, an annual leap from EGP 118.24 million, including minority interest. Revenues stood at …

Financial Results

4 July 2023 10:43 AM ASCOM shifts to EGP 38.5m profits in Q1-23

Cairo – Mubasher: Asec Company for Mining (ASCOM) turned profitable at EGP 38.58 million in the first quarter (Q1) of 2023, versus consolidated net losses after tax worth EGP 6.65 million in Q1-22, including minority interest. The revenues …

Financial Results

18 December 2022 01:31 PM ASCOM turns profitable in 9M-22

Cairo – Mubasher: Asec Company for Mining (ASCOM) shifted to consolidated net profits of EGP 136.48 million during the first nine months (9M) of 2022, against net losses of EGP 38.20 million in the year-ago period, including minority shareholders’ …

Financial Results

5 September 2022 11:16 AM ASCOM turns profitable in H1-22

Cairo – Mubasher: Asec Company for Mining (ASCOM) turned to consolidated net profits of EGP 67.98 million in the first half (H1) of 2022, versus net losses of EGP 36.25 million in H1-21, including minority shareholders’ rights. Profit per share …

Financial Results

8 May 2022 04:19 PM ASCOM’s losses deepen in 2021

Cairo – Mubasher: Asec Company for Mining (ASCOM) has suffered consolidated net losses of EGP 90.89 million during in 2021, higher than EGP 71.72 million in 2020, including the minority shareholders' rights. The company generated revenues worth …

Financial Results

23 November 2021 11:24 AM ASCOM reports 59% lower losses in 9M

Cairo – Mubasher: The consolidated net losses of Asec Company for Mining (ASCOM) retreated by 59.12% year-on-year (YoY) to EGP 38.21 million during the first nine months of 2021, compared to EGP 93.48 million, including the minority shareholders' …

Financial Results

9 September 2021 11:50 AM ASCOM's loss narrows 38% in H1-21

Cairo – Mubasher: Asec Company for Mining (ASCOM) reported net losses of EGP 36.25 million in the first half (H1) of 2021, down by 37.6% year-on-year (YoY) from EGP 58.14 million, including minority shareholders' rights.  The activity revenues …

Financial Results

7 September 2021 05:11 PM ASCOM's unit still considers adding third production line

Cairo – Mubasher: Asec Company for Mining (ASCOM) commented on news reports stating that its subsidiary Glass Rock Insulation Co added a new production line for insulation materials for household appliances.  The company said that its 93.36%-owned …

Companies Investments

23 June 2021 10:42 AM ASCOM's loss widens 29% in Q1-21

Cairo - Mubasher: Asec Company for Mining (ASCOM) incurred net losses of EGP 30.06 million during the first quarter (Q1) of 2021, up by 29.35% year-on-year (YoY) from EGP 23.24 million, including minority shareholders' rights.  The revenues …

Financial Results

18 April 2021 02:00 PM ASCOM's loss widens to EGP 72m in 2020

Cairo – Mubasher: Asec Company for Mining (ASCOM) reported consolidated net losses of EGP 71.72 million in 2020, up by 36.4% year-on-year (YoY) from EGP 52.57 million, including minority shareholders’ rights. The company’s revenues declined to EGP …

Financial Results

8 December 2020 00:23 PM ASCOM changes plan of using capital raise proceeds

Cairo – Mubasher: The extraordinary general meeting (EGM) of Asec Company for Mining (ASCOM) approved the proposed changes to the company’s plan regarding using proceeds from the issued capital raise. The company’s shareholders agreed to use the …

Corporate Actions

7 December 2020 11:22 AM ASCOM's board approves debt restructuring deal with Banque Misr

Cairo – Mubasher: The board of Asec Company for Mining (ASCOM) approved the fair value (FV) assessment study prepared by Solid Capital for its subsidiary ASCOM Carbonate and Chemical Manufacturing’s stock at $16.4. In addition, the board also …

Banking and Finance

17 November 2020 11:47 AM ASCOM’s loss swells 1,285% in 9M

Cairo – Mubasher: The consolidated net losses of Asec Company for Mining (ASCOM) ballooned by 1,285% year-on-year (YoY) to EGP 93.48 million in the first nine months of 2020, compared to EGP 6.74 million, including minority shareholders’ rights. …

Financial Results

28 September 2020 00:26 PM ASCOM turns to loss in H1-20

Cairo – Mubasher: Asec Company for Mining (ASCOM) turned to net losses of EGP 58.14 million during the first half (H1) of 2020, against net profits of EGP 2.04 million in the year-ago period, including minority shareholders’ rights. Revenues slid …

Financial Results

30 August 2020 01:54 PM Qalaa Holdings cuts stake in ASCOM

Cairo – Mubasher: Qalaa Holdings reduced its stake in Asec Company for Mining (ASCOM) to 54.05% from 61.32%. The company sold 3.09 million shares in ASCOM for EGP 25.25 million at an average price of EGP 8.17 a share, according to a bourse filing …

Insider Trading & Treasury Stocks

30 June 2020 11:19 AM ASCOM’s losses widen 120% in Q1-20

Cairo – Mubasher: The consolidated financial statements of Asec Company for Mining (ASCOM) showed a 120% year-on-year (YoY) rise in its net losses to EGP 23.24 million in the first quarter of 2020 from EGP 10.55 million, including minority …

Financial Results

23 April 2020 06:01 PM ASCOM’s losses almost halve in 2019

Cairo – Mubasher: The consolidated financial statements of Asec Company for Mining (ASCOM) reported a 48.8% year-on-year (YoY) drop in its net losses during 2019. The company’s net losses shrank to EGP 52.57 million last year from EGP 102.82 …

Financial Results

8 December 2019 02:20 PM ASCOM’s consolidated losses shrink 78% in 9M

Cairo – Mubasher: Asec Company for Mining (ASCOM) reported a 78% year-on-year drop in its net losses during the first nine months of 2019 on the back of rising revenue, the company's consolidated financial statements showed.  The company suffered …

Financial Results

13 October 2019 01:47 PM ASCOM’s capital hike subscription covered by 100%

Cairo – Mubasher: Asec Company for Mining (ASCOM) announced that subscription to its issued capital increase was covered by 100%. The second phase of subscription included about 3.6 million shares, while the first phase involved 4.3 million …

Corporate Actions