Modern Waterproofing (WATP)

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News

18 May 2020 11:52 AM Bitumode approves Sika Egypt's acquisition offer

Cairo – Mubasher: The board of directors of Modern Waterproofing (Bitumode) approved the price offered by Sika Egypt For Construction Chemicals to acquire 119 million shares of 100% of the former’s capital. The offered price is reasonable and fair …

Mergers and Acquisitions

27 November 2019 03:52 PM Bitumode’s profit soars 280% in 9M

Cairo – Mubasher: Modern Waterproofing (Bitumode) saw its net profit surging by 280% year-on-year during the first nine months of 2019, the company’s consolidated financial results showed on Wednesday. The company’s net profit came in at EGP 40.5 …

Financial Results

14 November 2019 01:54 PM Bitumode’s standalone profit hikes 126% in 9M

Cairo – Mubasher: The standalone financial statements of Modern Waterproofing (Bitumode) reported a 126.32% year-on-year profit surge during the first nine months of 2019. Net profits grew to EGP 43.29 million in the nine-month period ended 30 …

Financial Results

28 August 2019 01:18 PM Bitumode’s consolidated profit jumps 511% in H1

Cairo – Mubasher: Modern Waterproofing (Bitumode) posted a 510.7% year-on-year profit hike during the first half of 2019, according to the company’s consolidated financial results. Net profits leapt to EGP 31.25 million in the six-month period …

Financial Results

22 August 2019 06:26 PM Bitumode’s non-consolidated profit hits EGP 32.8m in H1-19

Cairo – Mubasher: Modern Waterproofing’s (Bitumode) non-consolidated financial statements for the first six months of 2019 showed a 214% year-on-year profit hike, recording EGP 32.82 million. The company’s net sales surged to EGP 215.35 million in …

Financial Results

22 April 2019 00:51 PM Bitumode to pay EGP 23m dividends for FY18

Cairo – Mubasher: Modern Waterproofing’s (Bitumode) general assembly has approved a cash dividend distribution of EGP 22.9 million or EGP 0.10 per share to shareholders for fiscal year 2018. The general assembly has also endorsed dividend payments …

Corporate Actions

21 May 2017 00:24 PM Bitumode turns to losses in Q1

Cairo - Mubasher: The independent financial statements of Modern Waterproofing (Bitumode) showed that the company has achieves losses of EGP 6.1 million in the first quarter of 2017 versus profits of EGP 1.9 million in Q1-16. According to the …

Financial Results

9 May 2017 10:31 AM Record date for Modern Waterproofing coupon 22 May

Cairo – Mubasher: Modern Waterproofing said Tuesday that it will pay coupon no. 6 at EGP 0.030 per share to shareholders of record until 22 May. The coupon will be distributed starting 25 May, according to a bourse filing.

Cash Dividends

8 May 2017 00:51 PM Bitumode to buy EGP 20m Spuntex-owned production line

Cairo – Mubasher: Modern Waterproofing (Bitumode) on Monday said that the value of purchasing Spuntex Co for Engineering Textiles’ primary production line amounts to EGP 20.06 million. In return for the purchase settlement, Bitumode will …

Companies Investments

19 April 2017 10:47 AM Bitumode OGM approves 3 piasters/shr dividends

Cairo – Mubasher: Modern Waterproofing Company’s (Bitumode) ordinary general meeting (OGM) has approved to distribute cash dividends of 3 piasters per share for fiscal year 2016, totalling EGP 3.57 million. The OGM also adopted the financial …

Cash Dividends

13 April 2017 01:14 PM Modern Waterproofing turns to profitability in FY16

Cairo – Mubasher: Modern Waterproofing’s consolidated financial statements for fiscal year 2016 showed a net profit of EGP 5.2 million, against losses worth EGP 87.17 million in FY15, according to a bourse filing released on Thursday. Standalone …

Financial Results

17 November 2016 03:51 PM Modern Waterproofing posts EGP 4.69m unconsolidated profits in 9M

Cairo – Mubasher: Modern Waterproofing posted unconsolidated net profits of EGP 4.69 million for the first nine months of 2016. The company’s profits declined by 42% y-o-y from EGP 8.12 million for the same period a year earlier. The value of the …

Financial Results

31 August 2016 01:24 PM Bitumode swings to profits in H1

Cairo – Mubasher: Modern Waterproofing Company (Bitumode) turned into profits during the first half of 2016, the consolidated financial results revealed. The company registered EGP 2.1 million profits in H1, against EGP 4.9 million losses for the …

Financial Results

16 June 2016 11:38 AM Bitumode turns profitable in Q1

Cairo – Mubasher: Modern Waterproofing Company (Bitumode) posted on Thursday a consolidated net profit of EGP 903,000 ($101,000) for the first quarter of fiscal 2016, against net losses of EGP 3.76 million ($224,000) in Q1-15. Standalone net …

Financial Results

12 June 2016 01:26 PM Bitumode FY15 losses deepen 427%

Cairo – Mubasher: Modern Waterproofing (Bitumode) reported that its FY15 consolidated losses widened 427% year-over-year to EGP 87.2 million ($9.79 million) from EGP 16.5 million ($1.86 million), according to a bourse filing.  Meanwhile, around …

Financial Results

9 June 2016 11:16 AM Bitumode standalone profits 49% down in Q1

Cairo – Mubasher: Modern Waterproofing Co. (Bitumode) posted a drop in its unconsolidated profits of 49% in the first quarter of 2016, according to a bourse statement. The company registered a net profit of EGP 1.92 million ($215,000) compared …

Financial Results

30 November 2015 05:16 PM Bitumode incurs EGP 12.6m losses in 9M

Cairo-Mubasher: Modern Waterproofing Co. (Bitumode) posted its consolidated financial statements for the first nine months of 2015, which showed a 139.5% year-on-year rise in net losses to EGP 12.6 million, compared with EGP 5.26 million a year …

Financial Results

26 August 2015 11:14 AM Bitumode logs EGP5m consolidated loss for H1

Cairo – Mubasher: Modern Waterproofing Co. (Bitumode) turned to losses in the first half of 2015, as it logged EGP 4.9 million ($625,000) in consolidated losses , taking into consideration minority interest, versus EGP 558,500 ($71,000) net profit …

Financial Results

14 June 2015 01:00 PM Egypt’s Bitumode exits Qatar investment

Cairo – Mubasher: Egypt-listed Modern Waterproofing Co. (Bitumode) announced Sunday divesting its businesses in Qatar.The company sold a 20% stake in Bitumode Qatar plant at a total value of QAR 40,000, according to bourse statement.Bitumode …

Corporate Actions

6 May 2015 11:38 AM Bitumode suffers EGP 16.5m losses in 2014

Modern Waterproofing (Bitumode) reported EGP 16.5 million in consolidated losses in 2014, against EGP 753,400 in profits for the previous yearMeanwhile, the company posted unconsolidated net profits of EGP 10.2 million for 2014, compared with EGP …

Financial Results

30 November 2014 11:57 AM Bitumode logs EGP5.3m loss in nine months

Modern Waterproofing Co. (Bitumode) has posted EGP 5.3 million consolidated net loss for the first nine months of FY14, against EGP 415.5 thousand net profit reported in the same period a year earlier.The company’s consolidated financial …

Company News

14 October 2014 05:27 PM 3 stocks fall most in two years; 10 stocks hit 1-year lows – analysis

Mubasher said in a report on Tuesday’s performance of the Egyptian Exchange (EGX) that 15 stocks saw steep declines; 3 fell to their lowest levels in more than two years, while 10 others hit their lowest levels in more than one …

Market News

1 September 2014 00:14 PM Bitumode swings to profit in H1-14, makes EGP558 THD

Modern Waterproofing Co. (Bitumode) reported consolidated financial statements for H1-14, which showed EGP 558.4 thousand net profit, against EGP 868.8 thousand net loss logged in the same period a year earlier.Meanwhile, standalone …

Financial Results

21 August 2014 10:03 AM Modern Waterproofing to distribute bonus shares at 1-for-6 today

Modern Waterproofing Co. will distribute today bonus shares at 1-for-6 to increase capital from EGP 102 million to EGP 119 million.Shareholders of record on Wednesday, August 20 are entitled to this distribution. The EGP 17 million …

Corporate Actions

20 August 2014 10:14 AM Record date for Bitumode bonus issue today

Today, Wednesday, August 20, 2014, is the record date for the bonus share distribution of Modern Waterproofing Co. (Bitumode) to increase capital from EGP 102 million to EGP 119 million. The EGP 17 million increase, to be financed from …

Company News