Financial Results

Boubyan’s total assets enlarged by 20.9% to KWD 555.48 million in 6 months
13 December 04:30 PM Boubyan Petrochemical Q2 profits surge 182%
Mubasher: Boubyan Petrochemical said that its profits enlarged by 182.4% during the second quarter ended October compared to the same period last year. Earnings soared to approximately KWD 761,970 ($2.51 million) in Q2 ended on 31 October 2018 …
GIH closed Thursday’s session 1.14% higher at 17.7 fils
13 December 03:43 PM GIH nods to KWD 34m capital hike
Mubasher: The extraordinary general meeting (EGM) of Gulf Investment House (GIH) approved offsetting about KWD 343,090 as part of the accumulated losses as registered on 31 December 2017, according to a bourse statement on Thursday. GIH’s …
The increase in Q1 losses is attributed to higher cost of sales
6 December 03:18 PM Boubyan International incurs higher losses in Q1
Mubasher: Boubyan International Industries Holding suffered an increase of 21.5% in losses during the first quarter ended on 31 October 2018 when compared to the same period a year ago, according to a bourse statement on Thursday. Losses deepened …
Net profit amounted to KWD 157,300 million ($518,000) in FY 2018
2 December 10:07 AM Educational Holding FY profit plunges 97%; proposes KWD3.7m dividends
Mubasher: Educational Holding Group on Sunday reported a 97.8% year-on-year profit drop during the fiscal year ended 31 August. Net profit amounted to KWD 157,300 million ($518,000) in FY 2018, compared to a profit of KWD 5.66 million ($18.64 …
Net profit reached to SAR 862,000 million during the three-month period ended September
2 December 09:04 AM Al-Samaani profit slips 25% in Q3
Riyadh – Mubasher: Al-Samaani Factory for Metal Industries on Sunday reported a 24.51% year-on-year drop in net profits for the third quarter of 2018. Net profit reached to SAR 862,000 million during the three-month period ended September, versus …
Net profits stood at $32.3 million during the three-month period ended September
28 November 12:54 PM Orascom Construction logs $32.2m profit in Q3
Cairo – Mubasher: Orascom Construction, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, on Wednesday reported a 37% year-on-year increase in consolidated profit for the third quarter of 2018. Net profits stood at $32.3 million during the …
Net profit amounted to EGP 60.16 million in the nine-month period ended September
27 November 02:43 PM GSK Egypt profit drops 42% in 9M
Cairo – Mubasher: Glaxo SmithKline (GSK Egypt) on Tuesday posted a 42% year-on-year decline in its consolidated profits for the first nine months of 2018. Net profit amounted to EGP 60.16 million in the nine-month period ended September, compared …
Revenue grew to EGP 629.7 million during the nine-month period September
26 November 11:58 AM Arab Moltaqa logs EGP 36m profit in 9M
Cairo – Mubasher: Arab Moltaqa Investment on Monday posted a net profit of EGP 36.06 million for the first nine months of 2018, versus EGP 34.9 million in the year-ago period. Revenue grew to EGP 629.7 million during the nine-month period …
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24 November 12:27 AM Orange expects to avoid losses in 2019
Cairo - Mubasher: Orange Egypt no longer forecasts that it will achieve losses next year, according to the company’s CEO Yasser Shaker. Shaker noted that the company’s activity grew 8% during the third quarter of the year, as reported by the …
22 November 08:47 AM IFA incurs KWD 11.62m loss in Q3
Mubasher: International Financial Advisor (IFA), listed on the Boursa Kuwait and the Dubai Financial Market (DFM), on Thursday announced it has turned to losses during the third quarter of 2018, as compared with Q3-17. Net losses amounted to KWD …
ENBD REIT’s NAV registers $285m in 6M
20 November 11:27 AM ENBD REIT’s NAV registers $285m in 6M
Dubai – Mubasher: ENBD REIT, which managed by Emirates NBD Asset Management Limited, on Tuesday announced that its net assets value (NAV) hit $285 million by the end of the six-month period ended 30 September, compared to $289 million during the …
Arab Cotton Ginning trims losses to EGP 2.55m in Q1
18 November 05:54 PM Arab Cotton Ginning trims losses to EGP 2.55m in Q1
Cairo – Mubasher: The unconsolidated financial indicators of Arab Cotton Ginning Company (ACGC) on Sunday reported a 72.9% year-on- year decrease in its losses in the first quarter of current year. Net losses amounted to EGP 2.55 million from July …
Burgan Drilling achieved an increase of 69.4% in H1 profits
18 November 04:19 PM Burgan Drilling records KWD 940,000 profits in Q2
Mubasher: Burgan Company for Well Drilling, Trading and Maintenance (Burgan Drilling) achieved an increase of 54.4% in profits during the second quarter that ended 30 September 2018 compared to the same period in the previous year. Earnings grew …
Net profit reached of EGP 35.7 million in the three-month period ended September
18 November 02:28 PM Egypt Free Shops Q1 profit hikes 69%
Cairo – Mubasher: Egypt Free Shops on Sunday reported a 69% year-on-year rise in consolidated profits for the first quarter of fiscal year 2018/2019. Net profit reached of EGP 35.7 million in the three-month period ended September, compared to EGP …
GIH recorded profits valued at nearly KWD 839,360 in 9M-18
18 November 12:48 PM GIH financials turn profitable in Q3, 9M
Mubasher: Gulf Investment House (GIH) achieved a profit of nearly KWD 639,650 ($2.11 million) in the third quarter of 2018 against losses of KWD 48,000 ($158,160) in the same period last year. From January to September 2018, GIH recorded profits …
IFA incurs KWD 6.6m loss in Q3
18 November 10:20 AM IFA Hotels incurs KWD 6.6m loss in Q3
Mubasher: IFA Hotels and Resorts (IFA) on Sunday announced it has turned to losses during the third quarter of 2018, as compared with Q3-17. Net losses amounted to KWD 6.64 million ($21.8 million) in Q3-18, against net profit of KWD 2.32 million …
Net profit stood at EGP 147.84 million in the nine-month period ended September
15 November 03:57 PM B Investments profit hikes 53% in 9M
Cairo – Mubasher: B Investments Holdings on Thursday reported a 52.8% year-on-year rise in consolidated profits for the first nine months of 2018. Net profit stood at EGP 147.84 million in the nine-month period ended September, compared to EGP …
Net consolidated loss amounted to EGP 25.6 million in the nine-month period ended September
15 November 03:27 PM Egyptian Resorts turns to loss in 9M
Cairo – Mubasher: Egyptian Resorts Co on Thursday announced it has turned to losses during the first nine months of 2018as compared with the same period last year. Net consolidated loss amounted to EGP 25.6 million in the nine-month period ended …
EFG Hermes posted a revenue of EGP 1.36 billion for Q3-18
15 November 03:05 PM EFG Hermes revenue exceeds EGP1bn in Q3
Cairo – Mubasher: EFG Hermes Holdings on Thursday posted a revenue of EGP 1.36 billion for the third quarter of 2018, compared to revenue of EGP 1.014 billion in Q3-17. Revenues for the marketing, insurance, and brokerage industry jumped by 128% …
The company achieved a net profit of EGP 96.57 million in the period between January and September
15 November 02:09 PM United Housing profits up 25% in 9M
Cairo – Mubasher: United Co for Housing and Development on Thursday announced its consolidated profits rose by 24.7% year-on-year during the first nine months of this year. The company achieved a net profit of EGP 96.57 million in the period …
The company logged EGP 1.07 billion in profits for the nine-month period ended September
15 November 01:58 PM Orascom Investment profit soars 346% in 9M
Cairo – Mubasher: Orascom Investment Holding on Thursday posted a 346% year-on-year hike in consolidated profits for the first nine months of 2018. The company logged EGP 1.07 billion in profits for the nine-month period ended September, versus …
Standalone profits surged to EGP 190.8 million at the end of September
15 November 12:15 PM EFG Hermes profit slips 24% in 9M
Cairo – Mubasher: EFG Hermes on Thursday reported a 23.7% year-on-year drop in consolidated profits for the first nine months of 2018. The Egyptian investment bank's profits retreated to EGP 767.16 million during the period starting January to …
Revenue surged to EGP 17.35 billion at the end of September
15 November 12:05 PM Telecom Egypt logs EGP 3.51m profit in 9M
Cairo – Mubasher: Telecom Egypt on Thursday said its consolidated profits rose slightly during the first nine months of 2018 as compared with the same period last year. The telecom company recorded a net profit of EGP 3.51 billion in the …
Revenue grew to $338.9 million at the end of September
15 November 11:50 AM EKH sees $75m profit in 9M
Cairo – Mubasher: Egypt Kuwait Holding (EKH) on Thursday posted consolidated profits of $75 million for the first nine months of 2018, versus $76.5 million in the year-ago period. Revenue grew to $338.9 million at the end of September from $258.18 …
Net operating income from recurring revenue asset portfolio rose 6% year-on-year to AED 381 million
15 November 11:15 AM Aldar logs AED 420m profit in Q3, revenue up 8%
Abu Dhabi - Mubasher: Aldar Properties on Thursday posted an 8% year-on-year increase in revenues for the third quarter of 2018, recording AED 1.5 billion. The Abu Dhabi-based firm recorded a solid gross profit of AED 581 million in Q3-18 …