Natural Gas and Mining Project (Egypt Gas) News - Mubasher Info
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08 June 12:16 AM

Natural Gas and Mining Project (EGAS)

Last update: 7 June 01:14 PM market time.
50.53
-0.08
-0.16%
Open 50.58
Previous Close 50.58
High 51.20
Low 50.50
Stock Statistics
Volume 172,728
Turnover 8,789,030.00
All data are 15 minutes late during market session

News

The revenues hiked to EGP 3.62 billion in the January-September period
15 November 2021 02:20 PM Egypt Gas reports 365% profit hike in nine months
Cairo – Mubasher: Egypt Gas achieved net profits of EGP 42.13 million in the first nine months of 2021, a surge of 365% year-on-year (YoY) from EGP 9.06 million.  The revenues jumped to EGP 3.62 billion in the January-September period, compared to …
Financial Results
Egypt's Prime Minister raised the price of natural gas for factories
31 October 2021 06:10 PM EGX-listed firms reveal impact of gas price hike on operations
By: Heba El-Kordy Cairo – Mubasher: Companies operating in the production of iron, cement, and fertilisers disclosed to the Egyptian Exchange (EGX) the impact of the government's decision to increase natural gas prices for factories by about 28% …
Company News
The revenues levelled up to EGP 2.25 billion in the January-June period
11 August 2021 00:56 PM Egypt Gas turns to profitability in H1-21 on higher revenue
Cairo – Mubasher: Egypt Gas turned to net profits of EGP 23.89 million in the first half (H1) of 2021, versus net losses of EGP 43.4 million in H1-20.  The company's revenues levelled up to EGP 2.25 billion in the January-June period, compared to …
Financial Results
The revenues soared to EGP 978.97 million in the three-month period
20 May 2021 11:44 AM Egypt Gas turns profitable in Q1-21
Cairo – Mubasher: Egypt Gas turned to net profits of EGP 5.83 million in the first quarter (Q1) of 2021, versus net losses of EGP 37.76 million in Q1-20. The revenues soared to EGP 978.97 million in the three-month period ended 31 March, compared …
Financial Results
Egypt Gas achieved net profits of EGP 84.632 million in 2020
28 March 2021 03:43 PM Egypt Gas to distribute EGP 1/shr dividends for 2020
Cairo – Mubasher: The ordinary general meeting (OGM) of Egypt Gas approved a cash dividend of EGP 1 per share for 2020. The dividends will be paid in one or more installments depending on the company’s liquidity position, according to a bourse …
General Assembly
The board recommended a cash dividend distribution of EGP 1 per share
15 February 2021 00:44 PM Egypt Gas sees profits almost halve in 2020; dividends proposed
Cairo – Mubasher: Egypt Gas achieved net profits of EGP 84.632 million during 2020, down by 48.7% year-on-year (YoY) from EGP 164.95 million, the unaudited financial results showed.   Meanwhile, revenues increased to EGP 4.002 billion last year …
Cash Dividends
Egypt Gas will contribute EGP 12.24 million to the capital increase
30 December 2020 00:28 PM Egypt Gas approves Petromaint's capital raise
Cairo – Mubasher: The board of directors of Egypt Gas approved a decision to increase the authorised capital of its 15.08%-owned subsidiary Alexandria Petroleum Maintenance Co (Petromaint) to EGP 300 million from EGP 136 million.   The issued and …
Corporate Actions
The capital raise will be distributed over 24 million shares
9 December 2020 11:18 AM EGX approves listing capital raise shares of Egypt Gas
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved a request to list the capital raise shares of Egypt Gas. The company’s authorised capital will be increased to EGP 1 billion from EGP 500 million and its issued and paid-up …
Corporate Actions
Revenue dropped to EGP 2.506 billion
12 November 2020 05:22 PM Egypt Gas sees 67% lower profit in 9M
Cairo – Mubasher: Egypt Gas achieved net profits of EGP 9.068 million in the first nine months of 2020, down by 67.4% year-on-year (YoY) from EGP 27.812 million. The company generated EGP 2.506 billion in revenue in the January-September period …
Financial Results
The company's revenues fell to EGP 1.43 billion
11 August 2020 01:00 PM Egypt Gas moves to losses in H1-20
Cairo – Mubasher: Egypt Gas announced succumbing to net losses of EGP 43.4 million in the first half (H1) of 2020, against net profits of EGP 14.44 million in the year-ago period. The company generated EGP 1.43 billion in revenue in the …
Financial Results
The company’s revenues retreated to EGP 691.32 million
15 June 2020 01:42 PM Egypt Gas swings to loss in Q1-20
Cairo – Mubasher: Egypt Gas announced turning to net losses of EGP 37.76 million in the first quarter of 2020, against net profits of EGP 8.92 million in the year-ago period. The company’s revenues retreated to EGP 691.32 million in the …
Financial Results
Egypt Gas reported net profits of EGP 164.95 million in 2019
29 April 2020 00:23 PM Egypt Gas approves natural gas supply contracts
Cairo – Mubasher: The board of directors of Egypt Gas approved signing a natural gas supply agreement with Town Gas. The deal includes implementing works for providing about 120,000 customers in Cairo, Giza, Alexandria, Ismailia, and Port Said …
Company News
Shareholders agreed to double the company’s capital
29 March 2020 02:55 PM Egypt Gas approves 2019’s dividends, capital hike
Cairo – Mubasher: The ordinary general meeting (OGM) of Egypt Gas approved a decision to distribute cash dividends of EGP 3 per share for 2019. The company’s shareholders agreed to distribute a total of EGP 72 million divided between the Egyptian …
Corporate Actions
Egypt Gas completes transferring stake in Town Gas
17 March 2020 11:57 AM Egypt Gas completes transferring stake in Town Gas
Cairo – Mubasher: Egypt Gas announced on Tuesday that it has completed transferring the ownership of an 11% stake in the Egyptian Company for Natural Gas Distribution in Cities (Town Gas) from the Egyptian Natural Gas Company (GASCO). On 3 March, …
Mergers and Acquisitions
The issued capital will be increased by EGP 240 million
5 March 2020 05:43 PM Egypt Gas gets FRA's approval to double its capital
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request to publish the disclosure form of Egypt Gas to raise its capital and amend the company’s purpose. The disclosure form included the board of directors’ approval …
Corporate Actions
Revenues surged to EGP 3.75 billion last year
5 March 2020 01:15 PM Egypt Gas annual profit more than quadruple in 2019
Cairo – Mubasher: Net profits of Egypt Gas expanded by 369% year-on-year (YoY) in 2019, amounting to EGP 164.95 million, compared to EGP 35.16 million in 2018, as shown by the company’s audited financial statements.   Revenues surged to EGP …
Financial Results
The deal included the purchase of 11% stake in Town Gas
3 March 2020 11:35 AM Egypt Gas ups stake in Town Gas to 41%
Cairo – Mubasher: Egypt Gas has raised its stake in the Egyptian Co. For Natural Gas Distribution in Cities (Town Gas) to 41%. The deal included the purchase of 11% stake in Town Gas from the Egyptian Natural Gas Company (GASCO) for …
Insider Trading & Treasury Stocks
The company’s paid-up and issued capital will be doubled to EGP 480 million
24 February 2020 00:35 PM Egypt Gas approves capital hike via bonus shares
Cairo – Mubasher: The board of directors of Egypt Gas approved a proposal to increase the company’s authorised capital to EGP 1 billion from EGP 500 million. In addition, the board also decided to raise the company’s paid-up and issued capital to …
Corporate Actions
The company’s revenues soared to EGP 3.75 billion
11 February 2020 00:14 PM Egypt Gas’ profit jumps 369% in 2019 unaudited financials; dividends proposed
Cairo – Mubasher: The unaudited financial results of Egypt Gas showed a 369% year-on-year profit surge during 2019, supported by a leap in revenues.  Net profits skyrocketed to EGP 164.96 million during the 12-month period ended 31 December 2019, …
Financial Results
Officials from Corys Investments, GF Piping Systems, and Egypt Gas
2 February 2020 11:40 AM UAE’s Corys Investments, GF form JV for Egyptian market
UAE - Mubasher: The UAE’s Corys Investments announced its joint venture with Switzerland-headquartered GF Piping Systems, a subsidiary of Georg Fischer, and Egypt Gas to establish a new production facility for plastic pipes and fabricated fittings …
Companies Investments
An advance payment of $1.5 million will be made
22 January 2020 11:28 AM Egypt Gas to contribute $6m to setting up new company
Cairo – Mubasher: The board of directors of Egypt Gas has approved a decision to take part in establishing a joint stock company for producing molasses-based bioethanol. The gas firm decided to contribute $6 million or 15% to the new company’s …
Companies Investments
The company aims to inject EGP 175 million worth of investments in 2020
31 December 2019 01:04 PM Egypt Gas targets EGP 82m profit in 2020, wins EGP 61m contract
Cairo – Mubasher: Egypt Gas has set a net profit target of EGP 81.7 million for 2020, compared to a target of EGP 26.57 million in 2019. The company also aims to generate EGP 3.4 billion in revenue in the coming year, up from a target of 2.9 …
Financial Results
Egypt Gas will hold a 25% stake in the new company
26 November 2019 11:56 AM Egypt Gas sets up PE pipes manufacturing firm with EGP 340m capital
Cairo – Mubasher: Egypt Gas announced that its board of directors has signed an agreement with Switzerland-based Georg Fischer and UAE-headquartered Corys to establish a new company for producing polyethylene pipes. With an issued capital of EGP …
Companies Investments
The company’s activity revenues leapt to EGP 2.216 billion
14 November 2019 03:32 PM Egypt Gas turns to EGP 28m profit in 9M
Cairo – Mubasher: Egypt Gas announced turning profitable during the first nine months of 2019. The company logged a net profit of EGP 27.812 million in the January-September period, against a net loss of EGP 17.604 million in the corresponding …
Financial Results
Egypt Gas logged a profit of EGP 14.43 million in H1
18 September 2019 00:26 PM Egypt Gas inks $3.8m deal with Jordanian Egyptian Fajr
Cairo – Mubasher: Egypt Gas announced that it has signed a contract worth $3.9 million (EGP 64 million) with Jordanian Egyptian Fajr for Natural Gas Transmission and Supply. Under the twelve-year contract, a natural gas pipeline will be …
Companies Investments