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Financial Results

The revenues reached EGP 758.82 million in six months
15 April 02:21 PM CIRA logs EGP 246m profit in six months
Cairo – Mubasher: The consolidated net profits of Cairo for Investment and Real Estate Development (CIRA) rose by 9.97% year-on-year (YoY) to EGP 246.05 million in the six-month period ended 28 February, compared to EGP 223.734 million, including …
The company generated revenues of AED 149.2 million in Q1-21
15 April 01:57 PM Deyaar reports higher profits in Q1-21 preliminary results
Dubai – Mubasher: The net profits of Deyaar Development jumped to AED 15.1 million during the first three months of 2021, compared to AED 2.6 million in the year-ago period, according to the company's preliminary financial results. The company …
The operating revenues increased to EGP 317.1 million
15 April 10:58 AM Taaleem's profit grows 18% in six months
Cairo – Mubasher: Taaleem Management Services reported EGP 128.61 million in net profits attributable to the parent company’s shareholders during the six-month period ended 28 February, up by 18% year-on-year (YoY) from EGP 108.96 million. The …
The company's income reached KWD 19.66 million in 2020
14 April 10:32 AM IFA turns to profitability in 2020
Mubasher: International Financial Advisors (IFA) has achieved KWD 8.229 million net profits attributable to the shareholders of the parent company in 2020, against net losses of KWD 18.4 million in 2019. The company's income reached KWD 19.66 …
The revenues increased to EGP 689.239 million
12 April 03:43 PM Suez Canal Technology's profit grows 26% in six months
Cairo – Mubasher: Suez Canal Company for Technology Settling reported net profits of EGP 389.99 million in the first half (H1) of the company’s fiscal year, up by 26.39% year-on-year (YoY) from EGP 308.549 million, including minority shareholders’ …
The value of sales fell by 9% to EGP 7.1 billion
12 April 11:22 AM AMOC turns profitable in 9M initial results
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) turned to net profits of EGP 103.31 million during the first nine months of fiscal year 2020/2021, against net losses of EGP 152.48 million in the year-ago period, the unaudited financial results …
Net interest, fee, and commission income retreated to EGP 4.06 billion
11 April 05:44 PM QNB Al Ahli reports 5% higher profit in Q1-21
Cairo – Mubasher: Qatar National Bank Al Ahli (QNB Al Ahli) achieved net profits of EGP 1.96 billion during the first quarter (Q1) of 2021, up by 5.18% year-on-year (YoY) from EGP 1.87 billion in the corresponding period a year earlier, including …
The sales increased to EGP 422.08 million
11 April 02:15 PM Arab Drug's pre-tax profit rises 10% in nine months
Cairo – Mubasher: Arab Drug Company reported a 10.12% year-on-year (YoY) growth in its pre-tax net profits, logging EGP 103.39 million during the first nine months of fiscal year 2020/2021, compared to EGP 93.88 million, the unaudited financial …
The sales fell to EGP 1.6 billion last year
7 April 03:50 PM Middle East Glass reports 41% lower profit in 2020
Cairo – Mubasher: Middle East Glass Manufacturing Co recorded consolidated net profits of EGP 93.07 million in 2020, down by 40.9% year-on-year (YoY) from EGP 157.55 million, including minority shareholders’ rights.   The sales fell to EGP 1.6 …
The sales retreated to EGP 803.68 million last year
7 April 01:35 PM Egyptian Starch and Glucose's loss widens 212% in 2020
Cairo – Mubasher: The Egyptian Starch and Glucose incurred net losses of EGP 52.99 million in 2020, up by 211.7% year-on-year (YoY) from EGP 17 million. The sales retreated to EGP 803.68 million last year from EGP 946.02 million in 2019, the …
Saudi Cable registered a loss per share of SAR 1.53 in 2020
7 April 10:30 AM Saudi Cable’s losses shrink 11% in 2020
Riyadh – Mubasher: Saudi Cable Company reported an 11% year-on-year (YoY) decrease in net loss after Zakat and tax to SAR 55.01 million in 2020, compared with SAR 61.83 million. Revenues declined 3.27% YoY to SAR 368.77 million from SAR 381.27 …
APICORP’s corporate banking portfolio grew 6% YoY in 2020
7 April 10:05 AM APICORP achieves $115m profits in 2020
Riyadh – Mubasher: The Arab Petroleum Investments Corporation (APICORP) recorded a 3% year-on-year (YoY) increase in net income to $115 million during 2020, compared with $112 million. The profit achieved was despite the fallout of the …
Costs to hand over projects have exceeded budgets
5 April 11:26 AM Drake & Scull logs AED 4.9bn accumulated losses
Dubai – Mubasher: Drake & Scull International (DSI) has incurred accumulated losses of AED 4.9 billion as of 31 December 2020, representing 458% of the company's capital. The accumulated losses are driven by projects in progress and contract …
The sales retreated to EGP 38.62 billion in 2020
4 April 10:39 AM Ezz Steel's loss narrows to EGP 4.68bn in 2020
Cairo – Mubasher: Ezz Steel incurred consolidated net losses of EGP 4.68 billion in 2020, down by 42.2% year-on-year (YoY) from EGP 8.11 billion, including minority shareholders’ rights. The losses attributable to the parent company’s shareholders …
The cement producer’s sales retreated to EGP 350.21 million
1 April 03:53 PM South Valley Cement's loss narrows 21% in 2020
Cairo – Mubasher: South Valley Cement Company incurred net losses of EGP 250.59 million in 2020, down by 20.7% year-on-year (YoY) from EGP 316.34 million. The cement producer’s sales retreated to EGP 350.21 million last year, compared to EGP …
The aggregate net profit of the GCC listed banks plunged by 32.2% YoY
1 April 01:48 PM GCC banking sector's profits record seven-year low in 2020
Mubasher: The net profits of the GCC banking sector hit their lowest levels in seven years, affected by the decline of profits in the fourth quarter (Q4) by almost a third on a quarterly basis to $5.3 billion due to higher provisions, according …
The revenues rose to EGP 1.6 billion in 2020
1 April 01:19 PM Arabia Investments Holding logs EGP 85m profit in 2020
Cairo – Mubasher: Arabia Investments Holding recorded EGP 85.47 million in consolidated net profits before minority shareholders’ rights in 2020, up by 5.6% year-on-year (YoY) from EGP 80.93 million. The profits attributable to minority interests …
The company has taken measures to cut the general and administrative expenses
1 April 12:11 PM Takaful Emarat logs AED 67m accumulated losses
Dubai – Mubasher: Takaful Emarat – Insurance has logged accumulated losses of AED 67.254 million as of the fourth quarter (Q4) of 2020, accounting for 44.84% of the company. The accumulated losses are attributed to the losses seen in the medical …
Bildco has logged accumulated losses of AED 242.23m
1 April 09:56 AM Bildco incurs AED 242m accumulated losses
Abu Dhabi – Mubasher: Abu Dhabi National Company for Building Materials (Bildco) has logged accumulated losses of AED 242.23 million as of 31 December 2020, representing 80.7% of the capital. The accumulated losses are mainly driven by the …
The company's revenues reached AED 145.852m in 2020
1 April 09:34 AM GNH reports lower net losses in 2020; AED 724m accumulated losses
Dubai – Mubasher: The net losses attributable to the owners of Gulf Navigation Holding (GNH) declined to AED 278.929 million in 2020, compared to AED 324.932 million in 2019. The company's revenues reached AED 145.852 million in 2020, down from …
The group's revenues reached SAR 1.278bn
31 March 04:51 PM L'azurde reports 588.5% higher losses in 2020
Riyadh – Mubasher: The net losses after zakat and tax of L'azurde Company for Jewelry surged by 588.571% to SAR 120.5 million in 2020 from SAR 17.5 million in 2019. Higher losses are mainly driven by lower operating revenues due to the impact of …
The gross loan portfolio surged by 53% to EGP 1.07 billion in 2020
31 March 03:44 PM Tamweely Microfinance's profit hikes 75% in 2020
Cairo – Mubasher: Tamweely Microfinance reported net profits of EGP 51.5 million in 2020, a 75% increase from EGP 29 million in 2019, the Executive Vice Chairman and CEO, Amr Abou El-Azm, announced. The total amount of disbursed loans surged by …
Canal Shipping Agencies reported net profits of EGP 97.08 million in six months
31 March 01:50 PM Canal Shipping Agencies eyes EGP 154.5m profit in FY21/22
Cairo – Mubasher: Canal Shipping Agencies aims to generate net profits after tax of EGP 154.5 million in fiscal year 2021/2022, compared to a targeted net profit of EGP 235 million in FY20/21. The planned budget for the coming fiscal year includes …
The company's revenues decreased by 42.238% in 2020
31 March 01:44 PM Emaar The Economic City's net losses deepen in 2020
Riyadh – Mubasher: The net losses after zakat and tax of Emaar The Economic City hiked by 134.146% to SAR 1.248 billion in 2020 from SAR 533 million in 2019. The increase in net losses is driven by lower revenues and gross profit in 2020 due to a …
The cost of sales increased to EGP 1.2 billion
31 March 01:38 PM GSK Egypt's profit slides 80% in 2020; dividends proposed
Cairo – Mubasher: The consolidated net profits of Glaxo SmithKline (GSK Egypt) plummeted by 80% year-on-year (YoY) to EGP 28.13 million in 2020, compared to EGP 142.6 million in 2019, excluding minority shareholders’ rights. The profits …