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Financial Results

Revenues are expected to reach EGP 499.7 million
19 January 04:01 PM EMPC targets EGP 105m profit in 2020
Cairo – Mubasher: The board of directors of the Egyptian Media Production City (EMPC) approved the company’s planned budget for 2020. The company aims to achieve net profit of EGP 105.16 million this year, compared to an estimated profit of EGP …
NileSat logged a net profit of $42.53 million
19 January 02:18 PM NileSat’s profit drops 20% in 2019 unaudited financials
Cairo – Mubasher: The unaudited financial results of the Egyptian Satellites Co (NileSat) posted a 20.45% year-on-year profit retreat during 2019, pressured by lower revenues. NileSat logged a net profit of $42.53 million last year, down from …
The bank’s interest income retreated to EGP 7.5 billion
19 January 01:14 PM EG Bank’s profit up 14% in 2019 unaudited financials
Cairo – Mubasher: The unaudited consolidated financial results of the Egyptian Gulf Bank (EG Bank) showed a 13.7% year-on-year profit growth during 2019. Net profits recorded EGP 659.53 million last year, up from EGP 579.98 million in 2018, the …
Sales declined to EGP 1.249 billion
19 January 12:54 PM Alexandria Container’s unaudited financials post EGP 736m profit in H1-19/20
Cairo – Mubasher: The unaudited financial results of Alexandria Container and Cargo Handling Co reported a 23.5% year-on-year drop in its net profits during the first half of fiscal year 2019/2020. Net profits fell to EGP 736 million during the …
eXtra opened four new stores in 2019
19 January 12:12 PM eXtra records highest ever annual profits in 2019
Riyadh – Mubasher: United Electronics Company (eXtra) reported the highest annual net profit since its inception, as shown by the estimated financial results for 2019. Net profits grew last year by 27.67% to a record SAR 205.8 million, compared …
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19 January 11:51 AM GO reveals accumulated losses exceeded SAR 180m
Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) announced that accumulated losses amounted SAR 180.98 million. The accumulated losses have now reached around 51.6% of the company’s capital, according to a statement to the Saudi …
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19 January 11:20 AM Almarai annual profits down 10% in 2019
Riyadh – Mubasher: Almarai Company reported a 9.95% decline in net profits after zakat and tax last year to a total of SAR 1.811 billion in 2019, compared with SAR 2.012 billion in 2018. For the fourth quarter (Q4) of 2019, the company posted a …
Exports surged 40%
18 January 05:30 PM Holding Company for Chemical Industries’ revenue hits EGP 21.6bn in FY18/19
Cairo – Mubasher: Holding Company for Chemical Industries announced that its revenue grew to EGP 21.6 billion in the fiscal year ended June 2019. The company’s consolidated financial statements showed an increase in net profit in FY18/19 which …
Revenue rose to EGP 9.3 billion in 2019
16 January 05:54 PM Faisal Islamic Bank posts EGP 2.7bn standalone profit in 2019
Cairo – Mubasher: Faisal Islamic Bank of Egypt’s standalone financial statements showed a 7.9% year-on-year profit increase during the full year 2019. The bank’s net profit grew to EGP 2.71 billion last year, compared to EGP 2.51 billion a year …
The board's decision was approved by circulation
16 January 03:12 PM Gulf Navigation’s board agrees on AED 125m Sukuk issue
Dubai - Mubasher: The board of Gulf Navigation Holding, the only maritime and shipping company listed on the Dubai Financial Market (DFM), approved by circulation to issue Sukuk worth AED 125 million. The announcement came during the board’s …
Revenues amounted to EGP 351.47 million
16 January 12:14 PM Suez Canal Technology logs EGP 183m profit in Q1-19/20
Cairo – Mubasher: The consolidated financial statements of Suez Canal Company for Technology Settling showed a EGP 183.36 million net profit during the September-November period of 2019. The company’s revenues amounted to EGP 351.47 million during …
Revenue surged 56% YoY
15 January 10:10 PM Cairo Investment’s profit hits EGP 109m in Q1-19/20
Cairo – Mubasher: Cairo For Investment and Real Estate Development has reported EGP 109 million net profit during the first quarter of the fiscal year 2019/2020, up 47% from the year-ago period. Revenue surged 56% to EGP 313.1 million in Q1-19/20, …
HOTAC’s chairman Mervat Hataba
15 January 04:29 PM Egypt’s HOTAC registers EGP 987m consolidated profit in FY18/19
Cairo – Mubasher: The Holding Company for Tourism and Hotels (HOTAC) has recorded a 16.5% year-on-year growth in consolidated profits during the fiscal year 2018/2019, the company’s chairman Mervat Hataba stated on Wednesday. The state-owned …
Net interest income rose to EGP 13.75 billion
15 January 11:35 AM QNB Al Ahli logs EGP 8.5bn profit in 2019; dividends proposed
Cairo – Mubasher: Qatar National Bank Al Ahli (QNB Al Ahli) reported an 18% year-on-year profit growth during 2019. The lender’s net profit levelled up to EGP 8.5 billion in the twelve-month period ended 31 December, compared to EGP 7.2 billion a …
OEIHC losses amounted to OMR 971,000
15 January 09:37 AM Oman & Emirates Investment reports OMR 1.4m losses in 2019
Abu Dhabi – Mubasher: Oman & Emirates Investment Holding Company (OEIHC) incurred a net loss of OMR 971,000 during the fiscal year (FY) ended 31 December 2019, compared with a net loss of OMR 68,000 in 2018. The parent company’s annual losses …
Loans portfolio increased by 32% YoY
14 January 08:37 PM Industrial Development Bank records EGP 512m profit in 2019
Cairo – Mubasher: Industrial Development Bank’s (IDB) net profit grew 35% year-on-year to EGP 512 million in 2019, deputy chairman Hamdy Azzam said in a statement released on Tuesday. The bank’s financial position rose by 27% YoY to EGP 31 billion …
The transaction will not have any impact on the firm’s financials
14 January 04:39 PM Kuwait Business Town sells investment property at KWD 25.5m
Mubasher: The board of Kuwait Business Town Real Estate Company approved the selling of an investment property to one of the company's subsidiaries at a value of KWD 25.501 million, without achieving a profit nor a loss. The transaction will not …
The company is also looking to generate revenues of EGP 488.48 million
14 January 03:46 PM Ismailia Misr Poultry targets EGP 11.5m profit in 2020
Cairo – Mubasher: Ismailia Misr Poultry aims to achieve a profit of EGP 11.52 million during 2020, according to the company’s budget plan. The company is also looking to generate revenues of EGP 488.48 million during this year with estimated costs …
Al Enmaa’s profits increased by 94.6% in 9M-19
14 January 11:12 AM Al Enmaa Real Estate turns profitable FY19 financials
Mubasher: Al Enmaa Real Estate Company reported a positive change in its financials for fiscal year ended on 31 October 2019, against losses incurred in 2018. The company’s annual profits reached KWD 1.704 million ($5.63 million) in fiscal year …
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14 January 10:28 AM Aslak profits surge 211% in 2019; board recommends capital cut
Riyadh – Mubasher: United Wire Factories Company (Aslak) reported a 211.27% year-on-year (YoY) growth in net profits after Zakat and tax during 2019, as shown by the company’s annual estimated financial results for last year. Profits amounted to …
The company achieved a net profit of EGP 72.64 million
13 January 03:52 PM Egypt Free Shops’ standalone profits edge down in H1-19/20
Cairo – Mubasher: Egypt Free Shops reported a year-on-year marginal decline in its net profits during the first half of fiscal year 2019/2020, the company’s standalone financial statements showed.  The company achieved a net profit of EGP 72.64 …
The company plans to invest a total of EGP 308.99 million in 2020
13 January 01:48 PM Al Shams Housing targets EGP 187m profit in 2020
Cairo – Mubasher: The board of Al Shams Housing and Urbanization has approved the company’s budget plan for 2020. The company seeks to achieve profits of EGP 187.45 million in 2020, up from a target of about EGP 150.36 million for the fiscal …
Premiums of MIHD’s two insurance units rose to EGP 13.4 billion
13 January 01:34 PM Misr Insurance Holding posts EGP 4bn profit in FY18/19
Cairo – Mubasher: Misr Insurance Holding Company (MIHD) and its subsidiary companies reported a 22.5% year-on-year growth in its profits to EGP 4 billion in fiscal year 2018/2019. The state’s share in MIHD’s profits rose by 98.1% to EGP 1.5 …
Revenues shrank to $105.5 million
12 January 12:47 PM Maridive moves to loss in 9M consolidated financials
Cairo – Mubasher: The consolidated financial statements of Maridive and Oil Services reported a turn to losses during the first nine months of 2019.  The company incurred net losses of $22.22 million during the nine-month period ended 30 …
Advanced Petrochemical estimates SAR 759 million in profits for Q4 of 2019
12 January 11:41 AM Advanced Petrochemical posts Q4-19 profits
Riyadh – Mubasher: Advanced Petrochemical Company posted a 5.86% year-on-year (YoY) growth in net profits, as per the estimated financial results for the fourth quarter (Q4) of 2019. The year 2019 saw the highest net profit, Polypropylene …