Six of October Development and Investment (SODIC) News - Mubasher Info
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07 May 04:19 PM

Six of October Development and Investment (OCDI)

Last update: 6 May 01:29 PM market time.
22.45
0.50
2.27%
Open 22.05
Previous Close 22.05
High 22.65
Low 22.16
Stock Statistics
Volume 2,443,312
Turnover 54,935,648.00
All data are 15 minutes late during market session

News

(Photo Credit: Company website)
23 April 2017 10:54 AM SODIC net sales hit EGP 1.2bn in Q1
Cairo – Mubasher: Sixth of October for Development and Investment’s (SODIC) net sales reached EGP 1.2 billion in the first quarter of fiscal year 2017, rising 64% year-on-year, a statement to the bourse said on Sunday. The company had earlier said …
Companies Investments
Photo Credit: Arabianeye-Reuters
11 April 2017 05:11 PM Pharos sets SODIC FV at EGP23.09/shr
Cairo - Mubasher: Pharos Research has set the fair value (FV) for Sixth of October for Development and Investment (SODIC) at EGP 23.09 per share, which implies upside potential of 66.0% from the current market price, according to a recent report. …
Stock Evaluations
(Photo credit: Company's website)
5 April 2017 11:17 AM SODIC inks credit facility worth EGP 1.3bn with AAIB
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) has signed a medium-term credit facility agreement worth EGP 1.3 billion with the Arab African International Bank (AAIB), SODIC said on Wednesday. The facility will be used …
Banking and Finance
(Photo Credit: Arabianeye-Reuters)
3 April 2017 03:38 PM SODIC finalises Heliopolis project plans
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) finalised the plans of the new Heliopolis joint project, according to Heliopolis Company for Housing and Development. SODIC and Heliopolis Company are coordinating to …
Companies Investments
(Photo credit: Company's website)
20 March 2017 02:33 PM SODIC shareholders adopt 2016 financials
Cairo – Mubasher: The Sixth of October for Development and Investment Company (SODIC) said Monday that its ordinary general meeting (OGM) has approved the financial statements for fiscal year 2016. The OGM also approved netting contracts signed …
Financial Results
(Photo credit: Company's website)
28 February 2017 00:26 PM SODIC plans EGP 3bn investments in 2017
Cairo – Mubasher: The Sixth of October for Development and Investment Company (SODIC) said Tuesday that it plans to invest EGP 3 billion in Egypt in 2017 through its projects and subsidiaries. The company eyes net contracts worth EGP 5.6 billion …
Companies Investments
The Egyptian Exchange (Photo credit: Mubasher)
28 February 2017 00:21 PM SODIC stock hits 6-month low despite profit rise
Cairo – Mubasher: Sixth of October for Development and Investment's (SODIC) stock dropped on Tuesday by 0.65% to EGP 4.72%, its lowest level since six months, despite the rise in the company’s annual profits. SODIC posted Tuesday a rise of 37.34% …
Trading Activities
Standalone profits rose 4.39% in 2016 (Photo credit: Company's website)
28 February 2017 10:58 AM SODIC posts 97% rise in Q4 profits
Cairo – Mubasher: The Sixth of October for Development and Investment Company (SODIC) said Tuesday that its consolidated profits for the fourth quarter of 2016 grew 96.84% to EGP 174.8 million from EGP 88.8 million for Q4-15. Consolidated profits …
Financial Results
Photo Credit: Company's Website
30 January 2017 07:51 PM Okaz maintains strong ‘Buy’ rating on SODIC
Cairo – Mubasher: Okaz Research upgraded the fair value (FV) of Sixth of October for Development and Investment (SODIC) to EGP 18.52 from EGP 15.93 with an upside potential of 37%, according to a report published on Monday. The research agency …
Stock Evaluations
Heliopolis Housing, SODIC joint project’s master plan shifted 10 weeks
10 January 2017 05:04 PM Heliopolis Housing, SODIC move JV master plan by 10 weeks
Cairo – Mubasher: Heliopolis Housing said it will complete the master plan of its joint project with SODIC by March 2017. Heliopolis Housing stated that SODIC has asked to postpone the preparation of the project’s master plan for 10 weeks, …
Corporate Actions
The top-up will be allocated for the incentive programs
1 December 2016 10:37 AM SODIC board nods for capital hike
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) said Thursday that the board of directors approved increasing its capital by EGP 13.556 million, divided into 3.38 million shares at a nominal value of EGP 4 per share. The …
Corporate Actions
SODIC files with EGX to raise capital
17 November 2016 04:49 PM SODIC files with EGX to raise capital
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) said it submitted a disclosure report to the Egyptian Exchange (EGX) to raise its issued capital by1%. The company will raise its capital by 13.556 million and will be …
Corporate Actions
net profits reached EGP 266.5 million - Photo Credit: Company's Website
15 November 2016 10:56 AM SODIC profits grow 35.5% in Q3
Cairo – Mubasher: SODIC consolidated statements revealed Tuesday that Q3-16 profits grew 35.5% year-on-year to EGP 10.7 million from EGP 80.2 million, according to a bourse filing. In the first nine months, net profits reached EGP 266.5 million, …
Financial Results
H1 net profit reached EGP 157.78 million - Photo Credit: Company's Website
17 August 2016 10:58 AM SODIC in talks to buy land plot in Dreamland
By Elsayed Solyman Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) has entered into talks to purchase a 250-feddan land plot in Dreamland, said the managing director and board member Maged Sherif. “We are still holding …
Financial Results
SODIC's Headquarters (Photo Credit: Company's website)
16 August 2016 00:21 PM SODIC sales, deliveries boost Q2 performance – Pharos Research
Cairo – Mubasher: SODIC stock quote’s rally reduces the magnitude of future short-term price increases, according to a research note by Pharos Research. The real estate developer is trading close to its 52-week high of EGP 14.76/share and is 20% …
Ratings
SODIC profits grow 41.3% in Q2
15 August 2016 00:03 PM SODIC profits grow 41.3% in Q2
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) said it profits grow 41.3% in the second quarter of 2016. The real estate developer posted net profits of EGP 103.13 million ($11.58 million) for the second quarter of 2016, …
Financial Results
East Town project (Photo Credit: Company website)
14 July 2016 04:50 PM SODIC, Madinet Nasr Housing deny merger news
Cairo – Mubasher: Both Sixth of October for Development and Investment (SODIC) Co. and Madinet Nasr Housing and Development Co. denied news reports about possible merger deal between the two companies. Earlier, El-Mal newspaper cited unnamed …
Mergers and Acquisitions
Earnings down 31% in Q1 - Photo Credit: Company's Website
31 May 2016 10:31 AM SODIC profits down 31% in Q1
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) saw a slide of 31% in its earnings for FY16 first quarter, said the company in a bourse filing. SODIC Q1 earnings fell to EGP 54.65 million ($6.13 million) from EGP 79.31 …
Financial Results
Eastown project (Photo Credit: Company's Website)
10 May 2016 03:23 PM Prime sets SODIC fair value at EGP16.6/shr
Cairo – Mubasher: Prime investment research set the fair value of Sixth of October for Development and Investment (SODIC) at EGP16.6 per share, according to its report issued on Tuesday. At this cut-off value, the stock is forecast to grow 58% …
Stock Evaluations
SODIC's Headquarters (Photo Credit: Company's website)
28 April 2016 04:45 PM SODIC to inject investments at EGP 2.6bn in 2016
Cairo – Mubasher: Egypt’s property developer SODIC is putting eyes on investments worth EGP2.6 billion approximately in 2016, said the company in a bourse filing. The projected investments will be carried out in cooperation with its subsidiaries, …
Corporate Actions
Photo Credit: Company's Website
28 April 2016 02:27 PM SODIC, Heliopolis Housing likely to start residential project in 9M
By Waleed Abd El-Salam Cairo – Mubasher:  Sixth of October for Development and Investment (SODIC) will start developing residential and commercial project in New Heliopolis City within nine months, said Ahmad Almashati, Investor Relations Officer …
Corporate Actions
SODIC's Headquarters (Photo Credit: Company's website)
4 April 2016 11:28 AM SODIC gets shareholders OK for FY15 financials
Cairo – Mubasher: SODIC’s ordinary general meeting ratified Monday the financial statements for the year ended 31 December 2015. The ordinary meeting also approved the annual reports of the board and auditor as well as 2015 compensation contracts. …
Corporate Actions
A snapshot for a project of SODIC taken from the company's website
24 March 2016 10:14 AM SODIC completes treasury shares sale
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) said it sold Wednesday 119,896 treasury shares, thus it completed selling 737,500 treasury shares. On 14 July 2015, the company bought 737,500 treasury shares, which …
Insider Trading & Treasury Stocks
SODIC Headquarters
22 March 2016 05:00 PM SODIC sells 716,600 treasury shares
Cairo – Mubasher: The Sixth of October for Development and Investment (SODIC) sold 54,858 treasury shares on Tuesday, SODIC said. The total of sold treasury shares reached 716,604 by Tuesday, while 119,896 treasury shares are still remaining in …
Corporate Actions
SODIC building (Photo Credit: The company's website)
21 March 2016 11:56 AM SODIC sells 70,200 treasury shares
Cairo-Mubasher: The Sixth of October for Development and Investment Co. (SODIC) said on Monday it sold 70,200 treasury shares. The developer added in a bourse statement the number of its sold treasury shares reaches 217,746 and the remaining ones …
Corporate Actions