Egyptian Financial and Industrial SAE (Egyptian Financial & Industrial) News - Mubasher Info
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04 June 11:00 PM

Egyptian Financial and Industrial SAE (EFIC)

Last update: 01:06 PM market time.
206.08
-0.94
-0.45%
Open 207.00
Previous Close 207.02
High 209.40
Low 203.03
Stock Statistics
Volume 3,469
Turnover 713,649.31
All data are 15 minutes late during market session

News

Net profit reached EGP 114.7 million last year
26 February 2019 01:11 PM EFIC FY18 profit slips 25%
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) on Tuesday reported a 24.6% year-on-year decline in consolidated profits for the full-year ended December 2018. Net profit reached EGP 114.7 million last year, versus EGP 152.16 million in …
Financial Results
Net profit amounted to EGP 109.1 million in the 12-month period ended December
27 January 2019 03:50 PM EFIC profit up 6% in 2018
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) on Sunday reported a 6.2% year-on-year increase in standalone profits for 2018. Net profit amounted to EGP 109.1 million in the 12-month period ended December, versus EGP 102.74 million in …
Financial Results
Net profit stood at EGP 88.2 million in the nine-month period ended September
13 November 2018 03:42 PM EFIC logs EGP 88m profit in 9M
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) on Tuesday reported a 32% year-on-year decline in consolidated profits for the first nine months of 2018. Net profit stood at EGP 88.2 million in the nine-month period ended September, …
Financial Results
Net profit amounted to EGP 60.7 million in the January- September period
28 October 2018 11:21 AM EFIC profit rises 18% in 9M
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) posted an 18% year-on-year decline in profits for the first nine months of 2018. Net profit amounted to EGP 60.7 million in the January-September period, versus EGP 74.3 million in the …
Financial Results
EFIC has no direct ties to the Abraaj Group, but one of its subsidiaries does
26 August 2018 00:59 PM EFIC explains Abraaj Group ties
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) on Sunday confirmed it had no direct ties or exposure to Dubai-based Abraaj Group, but noted that one of its subsidiaries was linked to the ailing investment company. EFIC revealed that …
Companies Investments
EFIC aims to buy five production units for the project at a cost of EGP 60 million each in 2018 and 2019
14 May 2018 04:03 PM EFIC completes feasibility study of EGP300m potassium sulfate facility
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) has completed the feasibility study of the potassium sulfate production line project with EGP 300 million in investments. EFIC aims to buy five production units for the project at a cost …
Companies Investments
Sales narrowed to EGP 265.8 million in Q1-18 from EGP 298.4 million in Q1-17
14 May 2018 03:29 PM EFIC Q1 profit drops 79%
Cairo – Mubasher: The financial indicators of Egyptian Financial and Industrial (EFIC) has shown a 79% year-on-year decline in profits for the first quarter of 2018, recording EGP 11.5 million from EGP 54.1 million. Sales narrowed to EGP 265.8 …
Financial Results
The project will generate revenues equal to overall investment value within 4 yrs
12 April 2018 01:34 PM EFIC to invest EGP 300m to produce potassium sulfate
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) on Thursday said it had completed the feasibility study of the potassium sulfate production line project with EGP 300 million in investments. The agricultural chemicals producer also plans …
Companies Investments
Net profit reached EGP 153.7 million last year
27 February 2018 02:48 PM EFIC profit rises 42% in 2017
Cairo – Mubasher: The financial indicators of Egyptian Financial and Industrial (EFIC) showed a 42% year-on-year surge in consolidated profits for 2017 due to higher sales. Net profit reached EGP 153.7 million last year, up from EGP 108.19 million …
Financial Results
Net profit stood at EGP 98.56 million in 2017
5 February 2018 11:31 AM EFIC profits fall 19% in 2017
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) on Monday posted a 19% year-on-year decline in unaudited standalone profits for 2017. Net profit stood at EGP 98.56 million last year, versus EGP 121.68 million in 2016, EFIC highlighted …
Financial Results
The NBE may offer up to EUR 86.5 million as part of the project
11 January 2018 03:04 PM NBE mulls EUR 86.5m funding to local firms
Cairo – Mubasher: The National Bank of Egypt (NBE) is considering pumping major financing for 16 local companies as part of the third stage of the Egyptian Pollution Abatement Programme (EPAP). The bank says it may offer up to EUR 86.5 million …
Companies Investments
EFIC is close to completing several of its old projects
27 December 2017 06:28 PM EFIC to finish EGP 206m projects soon
Cairo – Mubasher: The Egyptian Financial and Industrial Company (EFIC) on Wednesday announced that it was on the verge of completing several projects it had commenced years before. The projects totalling EGP 206.32 million are scheduled for …
Companies Investments
EFIC reported on Sunday a 268% year-on-year hike in profits due to higher revenues
30 July 2017 04:13 PM EFIC profits soar 268% in H1-17
Cairo – Mubasher: The Egyptian Financial and Industrial Company (EFIC) reported on Sunday a 268% year-on-year hike in profits due to higher revenues, according to a bourse filing. The Egyptian firm achieved profits of EGP 60.5 million in the six …
Financial Results
The Egyptian Exchange (Photo credit: Mubasher)
12 April 2017 00:43 PM EFIC shareholders approve 50 piasters/shr dividends
Cairo – Mubasher: Egyptian Financial and Industrial’s (EFIC) ordinary general meeting (OGM) has approved to distribute cash dividends of 50 piasters per share for fiscal year 2016, totalling EGP 36.3 million. The OGM also adopted the financial …
Financial Results
EFIC annual profits went up by 39% last year - (Photo Credit: Arabianeye-Reuters)
29 March 2017 05:35 PM EFIC to pay back CIB loan in July
Cairo - Mubasher: Egyptian Financial and Industrial Company (EFIC) said that it will repay the remainder of the loan provided by the Commercial International Bank (CIB) in July, according to a bourse filing. The company said in a statement to the …
Banking and Finance
(Photo credit: Arabianeye - Reuters)
22 March 2017 11:58 AM EFIC profits rise 80% in Q4
Cairo – Mubasher: The Egyptian Financial and Industrial Company (EFIC) reported on Wednesday an increase of 80% in its consolidated net profit for the fourth quarter of fiscal year 2016 to EGP 59.88 million, versus EGP 33.26 million for Q4-15. …
Financial Results
Photo Credit: Arabianeye-Reuters
12 March 2017 02:07 PM EGX to list MOED, EFIC bonus shares beginning Monday
Cairo - Mubasher: The listing committee of the Egyptian Exchange (EGX) has approved listing the stocks of Egyptian Modern Education Systems (MOED) and the Egyptian Financial and Industrial Company (EFIC) after their recent respective capital …
Corporate Actions
The Egyptian Exchange (Photo credit: Mubasher)
13 February 2017 11:45 AM EFIC standalone profits leap 237% in Q4
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) said Monday that its standalone profits for the fourth quarter of fiscal 2016 rose 237% to EGP 76.4 million, compared to EGP 22.67 million for Q4-15. Standalone profits for fiscal 2016 …
Financial Results
The Egyptian Exchange (Photo credit: Mubasher)
7 February 2017 00:37 PM EFIC stock hits 33-month high
Cairo – Mubasher: Egyptian Financial and Industrial Company’s (EFIC) stock, on Tuesday, reached its highest level since 27 April 2014. By 11:31am Cairo time, the stock rose 12.18% to EGP 12.25, with a turnover of EGP 22.9 million.
Trading Activities
EFIC accounts for 99.86% of Suez Fertilizer Production dividends
29 December 2016 10:31 AM EFIC accounts for 99.86% of Suez Fertilizer Production dividends
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) said the ordinary general meeting of its 99% owned subsidiary - Suez Company for Fertilizer Production – approved cash dividends of EGP 30 million. EFIC noted that it will account for …
Cash Dividends
Photo Credit: Arabianeye - Reuters
14 November 2016 00:47 PM EFIC profits rise 39% in Q3
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) achieved EGP 27.5 million profits during the third quarter of 2016, higher 39% year-over-year from EGP 19.8 million, said the company in a bourse filing Monday according to the unaudited …
Financial Results
Profits totalled nearly EGP 48 million - (Photo Credit: Arabianeye-Reuters)
8 November 2016 06:26 PM EFIC profits up 6% in 9 months
Mubasher: The financial statements of the Egyptian Financial and Industrial Company (EFIC) reported 6% increase in profits in the first nine months of 2016, according to the company’s statement to the Egyptian Exchange (EGX) on Tuesday. Profits …
Financial Results
ECA addresses public prosecutor to file lawsuit against two fertilizers producers
1 November 2016 01:05 PM ECA addresses public prosecutor to file lawsuit against two fertilizers producers
Cairo – Mubasher: The Egyptian Competition Authority (ECA) addressed the public prosecutor to file a lawsuit against each of Egyptian Financial and Industrial Co. and Abu Zaabal Fertilizer & Chemical Co. The Competition Authority proved that the …
Corruption
Egypt’s competition authority fines Egyptian Financial &Industrial Co. EGP 7m
20 October 2016 00:30 PM Egypt’s competition authority fines Egyptian Financial &Industrial Co. EGP 7m
Cairo – Mubasher: Egyptian Competition Authority (ECA) said it imposed a fine of EGP 7 million on the Egyptian Financial and Industrial Company (EFIC). ECA claimed that Egyptian Financial and Industrial Co. has violated the law through its …
Corruption
The company also approved increasing the authorised capital to EGP 2 billion (Photo Credit: Arabianeye-Reuters)
3 October 2016 02:42 PM EFIC approves capital increase to EGP 727.67m
Kuwait – Mubasher: The extraordinary general meeting of Egyptian Financial and Industrial Company (EFIC) agreed on raising the issued capital to EGP 727.67 million from EGP 693.02 million, with distribution of 72.77 million shares at a par value …
General Assembly