Financial Results

The company achieved operational losses of SAR 81.9 million

26 February 05:37 PM Wafrah posts 61% accumulated losses

Riyadh – Mubasher: Wafrah for Industry and Development Company announced that its accumulated losses reached SAR 121.28 million, which represents 61% of the company’s capital. This resulted from an increase in operational losses to around SAR 81.9 …

Board of Directors

Net profit amounted to SAR 2.81 billion last year

26 February 05:05 PM SABB profits down 4.2% in 2019

Riyadh – Mubasher: The Saudi British Bank (SABB) reported SAR 2.81 billion in net profits for last year, with a 4.2% increase compared with the year before, as shown by the bank’s annual financial results for 2019. SABB attributed the rise in …

Banking and Finance

Sidpec’s sales fell to EGP 4.96 billion

26 February 04:37 PM Sidpec’s 2019 indicators show 62.5% profit drop

Cairo – Mubasher: The unaudited financial results of Sidi Kerir Petrochemicals (Sidpec) showed a 62.5% year-on-year profit decline during 2019. The company’s net profits shrank to EGP 487 million last year from EGP 1.3 billion in 2018, according …

Financial Results

Revenues fell to EGP 62.35 million

26 February 03:34 PM Prime Holding swings to losses in 2019 unaudited financials

Cairo – Mubasher: The unaudited consolidated financial results of Prime Holding showed a turn to losses during 2019. The company incurred net losses of EGP 11.63 million last year, versus net profits of EGP 32.23 million in 2018, according to a …

Financial Results

The rise in sales resulted from higher sales volumes and prices

26 February 02:48 PM Saudi Ceramic achieves SAR 7.15m profits in 2019

Riyadh – Mubasher: The Saudi Ceramic Company reported SAR 7.15 million in annual net profit during 2019, against losses of around SAR 220,600 in 2018. The rise in sales resulted from higher sales volumes, as well as an increase in the average …

Financial Results

The firm plans to generate EGP 650.2 million in revenue

26 February 01:51 PM Arab Drug eyes EGP 97m profit in FY20/21

Cairo – Mubasher: The board of directors of Arab Drug Company approved the planned budget for fiscal year 2020/2021. The company aims to achieve net profits of EGP 96.87 million in the coming fiscal year from a target EGP 57.5 million in FY19/20, …

Financial Results

The property developer generated EGP 11.7 billion in revenue

26 February 12:47 PM Talaat Moustafa’s profit up 10% in 2019 unaudited results; dividends proposed

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) reported a 10% year-on-year rise in its net profits during 2019, the company’s unaudited consolidated financial results showed. The company’s net profits grew to EGP 1.87 billion last …

Financial Results

The cement producer reported revenues of EGP 2.19 billion

26 February 12:19 PM Alexandria Portland Cement’s losses shrink 40% in 2019 initials results

Cairo – Mubasher: The unaudited consolidated financial results of Alexandria Portland Cement showed a 40% year-on-year drop in its net losses during 2019. Net losses shrank to EGP 236.3 million last year from EGP 394.1 million in 2018, the company …

Financial Results

Revenues surged to EGP 5.33 billion last year

26 February 11:22 AM SODIC’s profit jumps 60% in 2019; dividends proposed

Cairo – Mubasher: Six of October Development and Investment (SODIC) reported a 60% year-on-year profit hike during 2019. Net profits leapt to EGP 721.24 million last year from EGP 450.9 million in 2018, including minority shareholders’ rights, the …

Net profits amounted to SAR 1.11 billion

26 February 10:53 AM ANB annual profits down 24% in 2019

Riyadh – Mubasher: Arab National Bank (ANB) reported a 23.83% decline in net profits for 2019 to SAR 3.02 billion, compared with 3.97 billion for 2018. The decline in profits is attributed to restating the net profit for 2018, by adding SAR 1.11 …

Financial Results

Net profit amounted to around SAR 1.39 billion in 2019

26 February 10:06 AM Saudi Electricity profits down 21% in 2019

Riyadh – Mubasher: Saudi Electricity Company (SEC) reported a 21% decline in net profits last year, as shown by its annual financial results. Net profit amounted to around SAR 1.39 billion in 2019, compared with SAR 1.76 billion, according to the …

Financial Results

Revenues plunged to EGP 704.83 million

25 February 04:34 PM Incolease’s profit drops 13% in 2019; dividends proposed

Cairo – Mubasher: The International Company for Leasing (Incolease) reported a 13.4% year-on-year decrease in its net profits during 2019. The company’s net profits fell to EGP 92.67 million last year from EGP 107.07 million in 2018, according to …

The cost of revenues hiked to EGP 223.2 million

25 February 04:15 PM Delta Construction's profit slides 61% in 2019

Cairo – Mubasher: Delta for Construction and Rebuilding reported a 61% year-on-year slide in its net profits during 2019, dragged by higher cost of revenues. Net profits dropped to EGP 3.47 million last year from EGP 8.99 million in 2018, the …

Financial Results

The company incurred net losses of EGP 1.2 million

25 February 03:35 PM Odin Investments swings to loss in 2019 on lower revenue

Cairo – Mubasher: Odin Investments announced turning to losses during 2019 due to lower revenues, the company’s consolidated financial statements showed. The company incurred net losses of EGP 1.2 million last year from EGP 2.05 million in 2018, …

Financial Results

Sales retreated to EGP 8.14 billion

25 February 03:22 PM Mopco’s profit shrinks 48% in 2019 unaudited consolidated financials

Cairo – Mubasher: The unaudited consolidated financial results of Misr Fertilizers Production Co (Mopco) reported a 48.2% year-on-year profit decline during 2019. Net profits slid to EGP 1.645 billion last year from EGP 3.17 billion in 2018, the …

Financial Results

Earnings per share (EPS) recorded 14 fils last year

25 February 12:46 PM ABK’s profit down to KWD 29m in 2019; dividends proposed

Mubasher: Al Ahli Bank of Kuwait (ABK) recorded KWD 28.7 million during the fiscal year ended on 31 December 2019, down by 32% from KWD 42.12 million in 2018. Earnings per share (EPS) totalled 14 fils last year, according to a press release on …

Banking and Finance

Net sales surged by 20% to EGP 14.9 billion

25 February 12:20 PM Palm Hills reports EGP 906m profit in 2019

Cairo – Mubasher: The consolidated financial statements of Palm Hills Developments reported net profits of EGP 906.22 million in 2019, slightly down from EGP 906.86 million a year earlier, including minority shareholders’ rights. In the meantime, …

Revenues grew to EGP 3.411 billion inn 2019

25 February 11:34 AM EIPICO logs EGP 671m profit in 2019 unaudited financials

Cairo – Mubasher: The unaudited consolidated results of the Egyptian International Pharmaceutical Industries (EIPICO) reported a 4% year-on-year profit decline during 2019. Net profits went down to EGP 671.4 million last year from EGP 701.3 …

Financial Results

Photo Archive

25 February 10:16 AM Anaam Holding declares 0% accumulated losses

Riyadh – Mubasher: Anaam International Holding Group has announced the decrease of its accumulated losses to 0% of the company’s capital. This comes following the group recent capital reduction from SAR 196 million to SAR 15 million to offset …

Financial Results

Losses shrank by 84.7% in Q4-19

24 February 03:36 PM Alrai Media’s losses drop 83% in 2019

Mubasher: Net losses of Alrai Media Group retreated by 83.3% to reach KWD 3.54 million ($11.58 million) by 2019 year-end, compared to KWD 21.18 million ($69.26 million) in 2018. In the fourth quarter (Q4) of last year, losses shrank by 84.7% to …

Financial Results

The company’s sales grew to EGP 16.6 billion

24 February 03:09 PM Ibnsina Pharma’s profit up 25% in 2019; dividends proposed

Cairo – Mubasher: Ibnsina Pharma posted a 25% year-on-year rise in its net profits during 2019. Net profits levelled up to EGP 328.77 million last year from EGP 262.5 million in the previous year, the company said in a statement to the Egyptian …

The bank’s net interest income rose to EGP 1.24 billion

24 February 02:16 PM Suez Canal Bank logs EGP 542m profit in 2019; bonus proposed

Cairo – Mubasher: Suez Canal Bank reported a 29% year-on-year growth in its net profits to EGP 542.2 million in 2019 from EGP 420.19 million. The bank’s net interest income rose to EGP 1.24 billion last year, compared to EGP 963 million in 2018, …

Banking and Finance

Majid Al Futtaim’s business rapidly grew in 2019

24 February 01:00 PM Majid Al Futtaim’s revenues rise to AED35bn in 2019

UAE – Mubasher: Majid Al Futtaim, a leading lifestyle provider with shopping malls, hotels, cinema, hypermarkets, reported a 1% year-on-year (YoY) rise in revenues to AED35.2 billion in 2019. The group’s strong operational performance also led to …

Net profits plummeted to EGP 42.9 million last year

24 February 12:10 PM Delta Sugar’s profit sinks 88% in 2019 unaudited adjusted financials

Cairo – Mubasher: The unaudited adjusted financial results of Delta Sugar showed an 87.5% year-on-year profit decline during 2019. Net profits plummeted to EGP 42.9 million last year from EGP 343.74 million in 2018, the company said in a statement …

Financial Results

Net profit reached SAR 1.47 billion in 2019

24 February 12:02 PM SAFCO profits down 15% in 2019

Riyadh – Mubasher: Saudi Arabian Fertilizer Company (SAFCO) reported a 15.2% decline in net profit last year, as shown by its annual financial results. Net profit after zakat and tax amounted to SAR 1.47 billion in 2019, compared with around SAR …

Financial Results