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Financial Results

Revenues increased to EGP 52.52 million at the end of September
17 October 02:10 PM Arab Co. Asset Management logs EGP 44m profit in 9M unaudited financials
Cairo – Mubasher: The unaudited financial statements of Arab Co. for Asset Management And Development reported a net profit of EGP 44.403 million in the nine-month period ended 30 September, against a net loss of EGP 1.944 million during the …
Net profits declined to EGP 418.27 million
17 October 11:37 AM Alexandria Container’s profit falls 15% in Q1-19/20 unaudited financials
Cairo – Mubasher: The unaudited financial results of Alexandria Container and Cargo Handling Co showed a 15.4% year-on-year profit drop during the first quarter of fiscal year 2019/2020 on the back of lower revenues. Net profits declined to EGP …
Assets held by the bank stood at 98.77 billion
17 October 10:46 AM Faisal Islamic Bank’s business volume grows to EGP 101bn in September
Cairo – Mubasher: The financial indicators of Faisal Islamic Bank of Egypt showed a 15.2% year-on-year increase in its business volume, registering EGP 100.89 billion at the end of September, compared to EGP 87.58 billion. Assets held by the bank …
The company suffered SAR 71.01 million in losses in Q2-19
17 October 10:28 AM Alujain Corp turns to losses in Q2
Riyadh – Mubasher: Alujain Corp posted its interim financial statement for the second quarter of 2019. The company suffered SAR 71.01 million in losses in Q2-19, against profits of SAR 63.99 million in Q2-18, according to a bourse filing on …
Aslak’s net profits jumped by 10.9% to SAR 17.2 million in nine months
17 October 10:05 AM Aslak’s net profit hikes 120% in Q3
Riyadh – Mubasher: United Wire Factories Company (Aslak) disclosed its interim financial results for the third quarter of 2019. Net profits after zakat and tax soared 120% to SAR 1.1 million in Q3-19, compared to SAR 500,000 in Q3-18, according to …
The profits slid to around KWD 239,940 in Q3- 19
17 October 09:41 AM Taameer Real Estate posts 61% lower profits in Q3-19
Mubasher: The financial statements of Taameer Real Estate Investment showed a 61.4% year-on-year decline in profits during the third quarter of 2019.  Year-on-year, the profits slid to around KWD 239,940 ($791,730) in Q3-19 when compared to nearly …
The total issued share capital will be AED 6.316 billion
17 October 09:22 AM Emirates NBD’s board nods to AED 758.8m share capital increase
Dubai – Mubasher: Emirates NBD Bank announced that its board of directors has approved by circulation to raise the bank’s issued shares capital by AED 758.823 million through the rights issue of nearly 758.823 million shares. Accordingly, the …
The company has generated revenues of AED 483.3 million in 9M
17 October 08:56 AM Deyaar posts AED 53m net profit in 9M
Dubai - Mubasher: Deyaar Development, a leading property developer and real estate service provider in the UAE, on Thursday reported its financial results for the first nine months of 2019. The Dubai-based developer has recorded a net profit of …
Revenues retreated to $53.08 million
16 October 06:11 PM Golden Pyramids’ standalone profit hikes 40.5% in H1
Cairo – Mubasher: The standalone financial statements of Golden Pyramids Plaza reported a 40.5% year-on-year profit surge during the first half of 2019 on the back of lower expenses. Net profits rose to $21.98 million in the January-June period of …
Net profits after zakat and tax increased by 3.75% in Q3-19
16 October 04:03 PM Aldrees logs SAR 17m profits in Q3
Riyadh – Mubasher: Aldrees Petroleum and Transport Services Company (Aldrees) posted its interim financial results for the third quarter of 2019. Net profits after zakat and tax increased by 3.75% to SAR 16.6 million in Q3-19, compared to SAR 16 …
Hadisolb incurred net losses of EGP 1.465 billion in FY18/19
16 October 03:11 PM Hadisolb rejects FY18/19 financials amid liquidation concerns
By: Heba El-Kordy Cairo – Mubasher: The ordinary general meeting (OGM) of the Egyptian Iron and Steel (Hadisolb) rejected the adoption of the financial statements for fiscal year 2018/2019, in light of the notes submitted by the Central Auditing …
Total revenue reached AED 2.24 billion in 9M
16 October 03:08 PM Commercial Bank of Dubai records AED 1.063bn net profit in 9M
Dubai – Mubasher: Commercial Bank of Dubai (CBD), listed on the Dubai Financial Market (DFM), has reported a 26.1% year-on-year increase in net profit for the first nine months of 2019. Net profit amounted to AED 1.063 billion during the …
The bank has recorded a net profit of AED 4.015 billion in 9M
16 October 09:10 AM DIB logs AED 4bn net profit in 9M
Dubai – Mubasher: Dubai Islamic Bank (DIB), listed on the Dubai Financial Market (DFM), has posted its financial results for the first nine months of 2019. The bank has recorded a net profit of AED 4.015 billion during the nine-month period ended …
Human Soft posted an increase of 18.6% in profits during H1-19
15 October 05:13 PM Human Soft records KWD 26m profits in 9M
Mubasher: Human Soft Holding achieved an increase of 14.8% in profits during the third quarter of 2019 when compared to the same period a year earlier. Earnings totalled KWD 9.02 million ($29.76 million) in Q3-19, compared to KWD 7.86 million …
Yamama Cement achieved SAR SAR 45.7 million in profits in Q3-19
15 October 05:12 PM Yamama Cement turns profitable in 9M
Riyadh – Mubasher: Yamama Cement Company reported its interim financial results for the third quarter of 2019. The company turned profitable achieving profits worth SAR 45.7 million in Q3-19, against losses of SAR 46.3 million in Q3-18, according …
Net profits grew to EGP 145.04 million
15 October 05:06 PM Mohandes Insurance reports 13% profit rise in FY18/19 audited financials
Cairo – Mubasher: Mohandes Insurance reported a 12.96% year-on-year increase in its net profit during fiscal year 2018/2019, the company’s audited consolidated financial statements showed. Net profits grew to EGP 145.04 million from July 2018 to …
OEIHChas incurred a net loss of OMR 290,221 in Q3-19
15 October 03:40 PM Oman & Emirates Investment posts Q3 preliminary financial results
Mubasher: Oman & Emirates Investment Holding Co (OEIHC), listed on the Muscat Securities Market and the Abu Dhabi Securities Exchange (ADX), has reported its preliminary financial results for the third quarter of 2019. The company has incurred a …
Alba will release its third quarter 2019 financials on 27 October
15 October 11:10 AM Alba’s acting CEO: “we are set for a strong finish to 2019”
Mubasher: Aluminium Bahrain (Alba) has recorded a growth of 51% year-on-year (YoY) in its sales’ volume of 376,025 metric tonnes (mt) during the third quarter of 2019, versus 248,970 mt over the corresponding period last year. Meanwhile, …
Total operating income decreased by 1.5% to AED 4.526 billion
14 October 03:11 PM Mashreq logs AED 1.75bn net profit in 9M
Dubai – Mubasher: Mashreq, one of the leading financial institutions in the UAE, on Monday announced it has recorded a net profit of AED 1.76 billion for the first nine months of 2019, up 0.5% year-on-year. Total operating income decreased by 1.5% …
The company’s insurance activity surplus stood at EGP 180.68 million
14 October 12:30 PM Mohandes Insurance’s FY18/19 adjusted financials post EGP 145m profit
Cairo – Mubasher: The unaudited adjusted consolidated financial results of Mohandes Insurance showed a 12.95% year-on-year profit growth during fiscal year 2018/2019. The insurer logged a net profit of EGP 144.96 million in the twelve-month period …
Revenues increased to EGP 939.3 million
14 October 11:36 AM ICON’s consolidated profit drops 77% YoY in H1
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) posted a 76.6% year-on-year profit decline during the first half of 2019, the company’s consolidated financial statements showed. Net profits dipped to EGP …
Jarir Marketing’s margins are predicted to tighten in the future
13 October 03:18 PM Al Rajhi Capital maintains Jarir Marketing’s TP at SAR 171/shr
Riyadh – Mubasher: Al Rajhi Capital Research has maintained Jarir Marketing’s target price (TP) at SAR 171 per share, with a ‘’Neutral’’ recommendation. Jarir Marketing’s margins are predicted to tighten in the future, consequent with the …
Sales tumbled to EGP 1.66 billion
13 October 11:56 AM Arab Cotton Ginning’s consolidated profit dips 99% in FY18/19
Cairo – Mubasher: The consolidated financial statements of the Arab Cotton Ginning showed a 99% profit drop during fiscal year 2018/2019. Net profits plunged to EGP 1.66 million in the twelve-month period ended 30 June, compared to EGP 166.1 …
The company logged net losses of EGP 38.7 million
13 October 11:41 AM Ajwa Egypt turns to losses in H1 consolidated financials
Cairo – Mubasher: Ajwa Group for Food Industries – Egypt announced turning to losses during the first half of 2019, the company’s consolidated financial statements showed. The company logged net losses of EGP 38.7 million in the January-June …
Sales rose to EGP 25.9 billion in H1
13 October 11:05 AM Ezz Steel swings to EGP 2.5bn loss in H1
Cairo – Mubasher: Ezz Steel announced turning to losses during the first half of 2019, the company’s consolidated financial statements showed. The Egyptian firm suffered net losses of EGP 2.46 billion during the six-month period ended 30 June, …