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Financial Results

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3 March 04:48 PM Al Akaria’s profits shrink 39% in 2023; accumulated losses unveiled
Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) logged net profits standing at SAR 67.60 million in 2023, an annual drop of 38.82% from SAR 110.50 million, according to the income results. Al Akaria posted revenues amounting to SAR 1.81 …
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3 March 04:13 PM GB Corp’s consolidated profit tumbles 83% YoY in 2023
Cairo – Mubasher: GB Corp’s consolidated net profit after tax dropped 82.80% year-on-year (YoY) to EGP 1.81 billion in 2023 from EGP 10.53 billion a year earlier. Consolidated operating revenues declined to EGP 28.31 billion last year from EGP …
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3 March 01:45 PM EFIC’s consolidated profit dips to EGP 700m in 2023
Cairo – Mubasher: Egyptian Financial and Industrial Company (EFIC) reported a consolidated net profit after tax of EGP 700.34 million in 2023, down from EGP 755.85 million a year earlier. On the other hand, consolidated net sales soared to EGP …
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3 March 01:29 PM Emaar Misr records EGP 6.8bn consolidated profit in 2023
Cairo – Mubasher: Emaar Misr for Development logged a consolidated net profit after tax of EGP 6.81 billion in 2023, versus EGP 6.56 billion a year earlier. Consolidated revenues grew to EGP 15.09 billion last year from EGP 14.73 billion in 2022, …
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3 March 12:18 PM Egypt Aluminum targets over EGP 4bn profits in FY24/25
Cairo – Mubasher: Egypt Aluminum is expecting to achieve a net profit of EGP 4.26 billion during the fiscal year (FY) 2024/2025, down from EGP 4.85 billion estimated in FY2023/2024. The company seeks to generate EGP 26.69 billion in total sales …
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3 March 12:06 PM Zain KSA’s profits leap 130.5% in 2023; dividends proposed
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) posted an annual hike of 130.36% in net profit to SAR 1.26 billion as of 31 December 2023, compared to SAR 550 million. Earnings per share (EPS) enlarged to SAR 1.41 last …
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3 March 10:54 AM Suez Canal Bank registers higher profits in 2023, capital hike proposal
Cairo – Mubasher: Suez Canal Bank achieved EGP 2.29 billion in net profit after tax during 2023, an annual growth from EGP 1.04 billion. Net interest income amounted to EGP 3.24 billion as of 31 December 2023, marking a year-on-year (YoY) hike …
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3 March 09:42 AM Bawan’s profits exceed SAR 136m in 2023; dividends for H2-23 proposed
Riyadh – Mubasher: Bawan Company recorded an annual drop of 16.46% in net profit to SAR 136.04 million during January-December 2023, compared to SAR 162.85 million. The revenues inched down by 0.37% year-on-year (YoY) to SAR 3.35 billion in 2023 …
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29 February 06:08 PM FAB’s unit in Egypt records 131% leap in 2023 profits
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a business of the UAE listed FAB operating in Egypt, achieved a 131% year-on-year (YoY) jump in net profit to EGP 10.40 billion in 2023, according to the financial statements. The net loans …
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29 February 05:36 PM Umm Al Qura Cement’s net profit plummets 83% YoY in 2023; dividends paused
Riyadh – Mubasher: Umm Al Qura Cement Company’s net profit dropped 82.81% year-on-year (YoY) to SAR 3.95 million in 2023 from SAR 22.98 million. Revenues plunged 23.63% YoY to SAR 168.94 million last year from SAR 221.21 million in 2022, according …
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29 February 03:11 PM Electro Cable Egypt logs EGP 1.24bn consolidated net profit in 2023
Cairo – Mubasher: Electro Cable Egypt registered a consolidated net profit after income tax of EGP 1.24 billion in 2023, a surge from EGP 542.24 million a year earlier. Sales leapt to EGP 8.67 billion last year from EGP 5.69 billion in 2022, …
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29 February 02:42 PM Ataqa registers EGP 735m net profit in 2023
Cairo – Mubasher: Misr National Steel (Ataqa) recorded a net profit after tax of EGP 734.86 million in 2023, an annual hike from EGP 234.72 million a year earlier. Sales grew to EGP 2.72 billion last year from EGP 2.48 billion in 2022, according …
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29 February 01:51 PM Arabian Cement’s consolidated net profit records over EGP 697m in 2023
Cairo – Mubasher: The consolidated net profits after income tax of Arabian Cement Company surged to EGP 697.49 million in 2023 from EGP 358.98 million a year earlier. Net sales jumped to EGP 6.04 billion last year from EGP 4.67 billion in 2022, …
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29 February 01:24 PM ElSaeed Contracting reports EGP 119m consolidated net profit in 2023; dividends proposed
Cairo – Mubasher: ElSaeed Contracting and Real Estate Investment Company posted a consolidated net profit after income tax of EGP 119.08 million in 2023 from EGP 104.01 million last year. Operations revenue increased to EGP 2.69 billion last year …
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29 February 12:44 PM EIPICO’s consolidated profit hits EGP 823m in 2023
Cairo – Mubasher: Egyptian International Pharmaceutical Industries (EIPICO) registered a consolidated profit for the year after tax of EGP 823.30 million in 2023 from EGP 643.76 million a year earlier. Net sales surged to EGP 5.23 billion last …
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29 February 11:51 AM Al Rajhi Takaful’s net profit soars 353% YoY in 2023
Riyadh – Mubasher: The net profit after zakat attributable to shareholders of Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) surged 353.18% year-on-year (YoY) to SAR 328.06 million in 2023 from SAR 72.39 million. The insurance …
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29 February 11:48 AM ACWA Power announces 2023 financials, dividends; capital raise, SAR 3.4bn project unveiled
Riyadh – Mubasher: ACWA Power Company posted an annual growth of 7.90% in net profit to SAR 1.66 billion as of 31 December 2023, compared to SAR 1.54 billion. Revenues jumped by 15.52% to SAR 6.09 billion in 2023 from SAR 5.27 billion a year …
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29 February 11:15 AM e-finance logs 56% YoY higher consolidated profit in 2023; dividends ratified
Cairo - Mubasher: e-finance for Digital and Financial Investments posted a 56.40% year-on-year (YoY) surge in consolidated net profit after the non-controlling interest (NCI) to EGP 1.25 billion in 2023 from EGP 803.90 million. Total consolidated …
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29 February 10:48 AM Naeem Holding’s accumulated losses near 28% of capital
Mubasher: Naeem Holding for Investment incurred accumulated losses valued at $60.01 million at the end of the fourth quarter (Q4) of 2023, according to a bourse disclosure.   The registered losses, which account for 27.73% of the paid-up capital, …
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28 February 04:17 PM HD Bank registers 141% YoY higher consolidated profit in 2023
Cairo – Mubasher: Housing and Development Bank (HD Bank) logged a 140.60% year-on-year (YoY) surge in consolidated income after tax to EGP 6.56 billion in 2023 from EGP 2.72 billion. Interest income jumped 69.70% YoY to EGP 17.01 billion last year …
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28 February 03:51 PM Oriental Weavers records EGP 1.9bn consolidated profits in 2023; dividends proposed
Cairo – Mubasher: Oriental Weavers posted a net consolidated profit after income tax of EGP 1.89 billion in 2023, a surge from EGP 944.17 million a year earlier. Net sales soared to EGP 17.65 billion last year from EGP 13.25 billion in 2022, …
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28 February 02:52 PM Palm Hills Developments logs EGP 1.6bn profits in 2023; acquisition deal approved
Cairo – Mubasher: The net consolidated profit after income tax and non-controlling equities of Palm Hills Developments Company registered EGP 1.58 billion in 2023, up from EGP 1.25 billion a year earlier. Revenues jumped to EGP 17.46 billion last …
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28 February 02:02 PM TAQA Arabia’s consolidated net profit rises 3% YoY in 2023
Cairo – Mubasher: TAQA Arabia posted a 3% year-on-year (YoY) increase in consolidated net profit after tax to EGP 557.20 million in 2023 from EGP 538.60 million. Revenues surged 26% YoY to EGP 13.46 billion last year from EGP 10.72 billion in …
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28 February 01:35 PM TMG Holding’s consolidated profits soar 44% YoY in 2023; board nods to dividends
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) posted a 44% year-on-year (YoY) surge in consolidated net profits after taxes and non-controlling interests to EGP 3.31 billion in 2023 from EGP 2.30 billion. The company’s …
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28 February 11:39 AM Luberef’s profits shrink to SAR 1.5bn in 2023; dividends proposed
Riyadh – Mubasher: Saudi Aramco Base Oil Company (Luberef) posted 23.68% year-on-year (YoY) lower net profits at SAR 1.50 billion in 2023, compared to SAR 1.97 billion. Luberef posted revenues amounting to SAR 9.48 billion as of 31 December 2023, …