Misr Cement - Qena (MCQE)

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News

11 August 2020 04:49 PM Misr Cement Qena's profit jumps 330% in H1-20

Cairo – Mubasher: Misr Cement – Qena posted a 330% year-on-on-year (YoY) leap in its net profits, logging EGP 63.25 million in the first half (H1) of 2020, compared to EGP 14.69 million, including minority shareholders’ rights. The company’s sales …

Financial Results

23 June 2020 01:38 PM Mir Insurance sells shares in 2 firms, trims several stakes

Cairo – Mubasher: Misr Insurance Company and Misr Life Insurance Company lowered their stakes in Abu Qir Fertilizers, Misr Asset Management said in a statement to the Egyptian Exchange (EGX) on Tuesday. Misr Insurance Company sold 12.9 million …

Insider Trading & Treasury Stocks

23 June 2020 11:56 AM Misr Insurance cuts stake in Misr Cement, divests from Egyfert

Cairo – Mubasher: Misr Insurance Company lowered its stake in Misr Cement – Qena to 4.68% from 9.3%, Misr Asset Management said in a statement to the Egyptian Exchange (EGX) on Tuesday. The insurance firm sold 3.33 million shares for EGP 20.74 …

Insider Trading & Treasury Stocks

9 June 2020 05:48 PM Misr Cement sees 4-fold profit hike in Q1-20

By: Fahd Omran Cairo – Mubasher: Misr Cement – Qena posted a 292% year-on-year (YoY) hike in its consolidated net profits to EGP 47 million in the first quarter of 2020 from EGP 12 million. Consolidated revenues grew to EGP 816 million in the …

Financial Results

31 March 2020 01:39 PM Misr Cement – Qena’s shareholders nod to dividends for 2019

Cairo – Mubasher: The ordinary general meeting (OGM) of Misr Cement – Qena approved cash dividend distribution for 2019. The cement producer’s shareholders decided to distribute EGP 0.25 per share as cash dividends for last year’s earnings in May, …

Cash Dividends

1 March 2020 01:48 PM Misr Cement – Qena reports 84% profit decline in 2019

Cairo – Mubasher: Misr Cement – Qena reported an 84% year-on-year slump in its consolidated net profits to EGP 16.45 million during 2019 from EGP 104.39 million, including minority shareholders’ rights. Meanwhile, the company’s sales fell to EGP …

Financial Results

13 November 2019 01:02 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

22 August 2019 02:08 PM Misr Cement Qena’s H1 profit slumps 85% on higher expenses

Cairo – Mubasher: Misr Cement – Qena recorded an 85.22% year-on-year profit decline during the first half of 2019. The cement producer’s net profits slid to EGP 14.69 million in the January-June period of 2019, compared to EGP 99.37 million in the …

Financial Results

14 May 2019 03:08 PM Misr Cement’s profit drops 81% in Q1

Cairo – Mubasher: Misr Cement – Qena reported an 80.9% year-on-year decline in its consolidated profits during the first quarter of 2019. The cement producer’s net profits plunged to EGP 12.05 million in Q1-19, compared to EGP 63.1 million in the …

Financial Results

22 July 2018 02:58 PM Misr Cement profits rise 44% in H1

Cairo – Mubasher: Misr Cement – Qena on Sunday reported a 44% year-on-year surge in consolidated profits for the first half of 2018, recording EGP 99.3 million from EGP 68.9 million, The company’s sales increased to EGP 1.4 billion in the …

Financial Results

14 December 2017 11:49 AM Misr Cement – Qena capital hike 95.4% subscribed

Cairo – Mubasher: Misr Cement – Qena on Thursday announced that the first phase of its capital top-up has reached 95.4% subscription. Investors subscribed in 28.7 million shares of the 30.12 million up for auction as part of the capital increase, …

Market News

25 July 2017 02:06 PM Misr Cement approves capital hike through IPO

Cairo – Mubasher: Misr Cement – Qena’s ordinary general meeting (OGM) on Tuesday has approved an issued capital increase to EGP 600 million from EGP 301.23 million, according to a bourse filing. The firm stated that the capital increase will be …

Corporate Actions

13 July 2017 04:36 PM Misr Cement profits fall 63%; capital hike recommended

Cairo – Mubasher: The consolidated financial statements of Misr Cement-Qena on Thursday revealed a 63% decline in profits for the first half of 2017. Net profits stood at EGP 50.6 million in H1-17, compared to EGP 137.5 million in H1-16, according …

Management Decisions

7 May 2017 01:38 PM Misr Cement Q1 consolidated profits down 27%

Cairo – Mubasher: Misr Cement – Qena’s consolidated net profit for the first quarter of fiscal year 2017 declined 27% to EGP 50.51 million, versus EGP 69.44 million for Q1-16. Sales decreased in Q1-17 to EGP 625.5 million from EGP 723.06 million …

Financial Results

26 April 2017 00:21 PM Misr Cement Q1 profits down 28%

Cairo – Mubasher: Misr Cement – Qena’s consolidated profits for the first quarter of fiscal year 2017 declined 27.7% to EGP 50.16 million, compared to EGP 69.44 million for Q1-16. Standalone profits for Q1-17 rose 75.5% to EGP 64.4 million from …

Financial Results

26 March 2017 11:19 AM Misr Cement OGM approves EGP 2/shr dividends

Cairo – Mubasher: Misr Cement – Qena’s ordinary general meeting (OGM) has approved distributing cash dividends of EGP 2 per share for fiscal year 2016. The dividends will be paid in two instalments; the first in July and the second in October, a …

Cash Dividends

12 February 2017 00:44 PM Misr Cement standalone profits rise 65% in Q4

Cairo – Mubasher: Misr Cement – Qena’s standalone profits for the fourth quarter of fiscal 2015 increased 64.94% to EGP 57.22 million, compared to EGP 34.69 million for Q4-15. Standalone profits declined in fiscal 2016 by 29.9% to EGP 186.56 …

Financial Results

8 February 2017 00:05 PM Misr Cement stock hits 5.5-years high

Cairo – Mubasher: Misr Cement – Qena’s stock, on Wednesday, reached its highest level since 5 years, 7 August 2011. By 10:58am Cairo time, the stock rose 10% to EGP 102.12 with a turnover of EGP 851,990.

Trading Activities

26 January 2017 04:11 PM Al-Ahly Capital ups stake in Misr Cement to 20.4%

Cairo – Mubasher: Misr Cement – Qena said that Al-Ahly Capital Holding has raised its stake in the company to 20.4% from 13.73%. Al-Ahly Capital bought 1.99 million shares of Misr Cement – Qena at EGP 92 per share, totaling EGP 183.6 million, …

Insider Trading & Treasury Stocks

24 January 2017 11:31 AM EGX executes ‘block trading’ deal on Misr Cement – Qena

Cairo – Mubasher: The Egyptian Exchange announced that a block trading transaction was completed on Misr Cement – Qena for 1.99 million shares worth EGP 183.6 million, according to a bourse filing on Tuesday. Earlier, the company signed a credit …

Companies Investments

22 January 2017 11:40 AM Misr Cement – Qena secures EGP210m loan

Cairo – Mubasher: Misr Cement – Qena has signed a credit facility agreement worth EGP 210 million with three banks, said the company in a bourse filing on Sunday. The three banks are the National Bank of Egypt, Bank du Caire and the CIB, the …

Banking and Finance

22 January 2017 11:25 AM Misr Cement – Qena sees higher standalone Q4 profits

Cairo – Mubasher: Misr Cement – Qena earned EGP 57.56 million over the fourth quarter of 2016, higher 65.97% year-on-year from EGP 34.68 million, the unconsolidated results revealed on Sunday. Over 2016, unconsolidated profits declined 29.8% …

Financial Results

22 December 2016 00:25 PM Misr Cement Qena denies signing loan contract

Cairo – Mubasher: Misr Cement – Qena said it did not sign any loan contracts with any bank so far. Previous news reports claimed that the cement producer has signed a loan contract worth EGP 210 million with banking consortium that comprises …

Banking and Finance

14 December 2016 11:39 AM Misr Cement – Qena eyes EGP 236.2m profits in 2017

Cairo – Mubasher: Misr Cement – Qena said it targets net profits of EGP 236.2 million according to its estimated budget for 2017, compared with EGP 188 million a year earlier. The estimated budget also targets total sales worth EGP 1.6 billion and …

Financial Results

14 November 2016 02:01 PM Misr Cement – Qena profits down 16.4% in Q3

Cairo – Mubasher: Misr Cement – Qena posted a decline of 16.4% in net profits for the third quarter of 2016. The company reported net profits of EGP 56.35 million for Q3 – 2016, down from EGP 67.4 million for the same period of the previous year. …

Financial Results