Financial Results

Al Mudon’s profit declined by 16% in H1-19

15 August 04:09 PM Al Mudon posts 42% YoY loss decline in Q2-19

Mubasher: Al Mudon International Real Estate reported a 42% year-on-year loss decline during the second quarter of 2019, recording KWD 12,180 ($40,052). In the first six months of 2019, Al Mudon’s profit declined by 16% to KWD 30,380, compared to …

Saudi Aramco’s assets reached AED 1.42 trillion

15 August 03:06 PM Saudi Aramco’s assets hit $380bn in H1

Riyadh – Mubasher: Total assets of the Saudi Arabian Oil Company, known as Saudi Aramco, increased by 5.8% year-on-year during the first half of 2019. Assets of the Saudi-based company reached AED 1.42 trillion ($379.85 billion) in H1-19, compared …

Financial Results

Al Bareeq attributed the profit growth to the increase in dividends

15 August 12:32 PM Kuwaiti Al Bareeq Holding’s profit up 74% in Q2-19

Mubasher: The profits of Al Bareeq Holding Co., formerly known as Sanad Holding Co., leapt by 73.8% year-on-year in the second quarter of 2019, according to a bourse disclosure to Boursa Kuwait on Thursday. The profits of the period surged to …

Financial Results

EIPICO registered sales of EGP 1.7 billion in H1-19 consolidated financials

15 August 11:59 AM EIPICO logs EGP 398m profits in H1 consolidated financials

Cairo – Mubasher: The consolidated income statements of the Egyptian International Pharmaceutical Industries Company (EIPICO) for the first six months of fiscal year 2019 showed a marginal increase in profits when compared to the corresponding …

Financial Results

Net losses stood at KWD 19.67 million in Q2-19

15 August 10:49 AM Abyaar Real Estate swings to losses in Q2

Mubasher: Abyaar Real Estate Development turned to losses during the second quarter of 2019. Net losses stood at KWD 19.67 million ($64.87 million) in Q2-19, against profits of KWD 93,490 ($308,310) in Q2-18, according to the company’s recent …

Headquarters of Boursa Kuwait

15 August 10:48 AM Financials disclosure period ends in Boursa Kuwait; stocks suspended

Mubasher: Boursa Kuwait announced that the period scheduled for listed companies to disclose their interim financial statements has ended. Following this announcement, trading on five stocks of companies listed on the stock exchange will be …

Markets Regulations

Loss grew by 19% to KWD 3.9m in 6M

14 August 06:30 PM IFA Hotels turns to profit in Q2-19

Mubasher: IFA Hotels and Resorts turned to profit during the second quarter of 2019, recording KWD 748,880 ($2.47 million) in profit, according to a bourse statement released on Wednesday. In the first six months of 2019, IFA’s loss grew by 19% to …

Financial Results

IFA is listed on Boursa Kuwait and the Dubai Financial Market

14 August 05:29 PM IFA’s losses deepen to KWD 2.04m in Q2-19

Mubasher: The losses of the International Financial Advisors (IFA) enlarged 29 times on a year-on-year basis during the second quarter of 2019. IFA’s losses widened to KWD 2.04 million ($6.73 million) in Q2-19 from around KWD 68,550 ($226,060) in …

Financial Results

EIPICO's sales hiked to EGP 1.6 billion in H1-19

14 August 05:18 PM EIPICO initial unconsolidated financials show EGP 371m profit in H1-19

Cairo- Mubasher: The Egyptian International Pharmaceutical Industries Company (EIPICO) posted a year-on-year increase in its unconsolidated profits during the first half of 2019, based on the initial unaudited statements of the company. EIPICO …

Financial Results

Sales went up to EGP 2.34bn in 6M

14 August 04:48 PM Cairo Poultry’s consolidated profit soars in H1-19

Cairo – Mubasher: Cairo Poultry’s consolidated financial statements showed a 176.3% year-on-year profit hike during the first six months of 2019. The company’s consolidated profit reached EGP 127.47 million in H1-19, compared to EGP 46.13 million …

Financial Results

Nile City Investment’s revenues surged to EGP 1.03 billion in 2017

14 August 04:45 PM Nile City Investment’s profits surge 26% in 9M

Cairo- Mubasher: The net profits of Nile City Investment company rose by 25.8% year-on-year during the first nine months of 2018, according to the company’s financial statements. The consolidated net profits totalled EGP 485.78 million in the …

Financial Results

Tourah Cement’s net losses hiked to EGP 50.9 million in Q1-19

14 August 04:37 PM Tourah Cement’s consolidated losses swell to EGP 461m

Cairo- Mubasher: The consolidated financial statements of Tourah Portland Cement Co. revealed a 204.73% year-on-year increase in losses during the first half of 2019. The company’s losses surged to EGP 461.25 million in H1-19 from EGP 2.24 million …

Financial Results

Revenue went down to EGP 135.6m

14 August 04:31 PM B Investments posts EGP 105.3m consolidated profit in H1-19

Cairo – Mubasher: B Investments Holdings’ consolidated financial statements showed a 6% year-on-year profit decline during the first six months of 2019. The company’s consolidated profit reached EGP 105.3 million in H1-19, compared to EGP 112 …

Financial Results

Aman’s gross premium growth rate increased by 6% in H1-19

14 August 04:25 PM Aman posts AED 7.5m profits in H1-19

Dubai- Mubasher: The profits of Dubai Islamic Insurance and Reinsurance Company (Aman), listed on the Dubai Financial Market (DFM), rose by 7% year-on-year in the first half of 2019. The company’s net profits increased to AED 7.5 million in H1-19 …

Financial Results

Net losses reached EGP 293.4 million in H1-19

14 August 03:55 PM Suez Cement suffers EGP 293m losses in 6M

Cairo – Mubasher: Suez Cement moved to losses during the first half of 2019. Net losses reached EGP 293.4 million in H1-19, against profits of EGP 238.2 million in H1-18, according to the company’s statement to the Egyptian Exchange (EGX) on …

Financial Results

Standalone profit hit EGP 39.25m in 6M

14 August 02:54 PM Giza General Contracting reports EGP 40m consolidated profit in H1-19

Cairo – Mubasher: Giza General Contracting and Real Estate Investment Company released its consolidated financial statements for the first six months of 2019, which showed a 1.4% year-on-year increase in profit. The company’s consolidated profit …

Profits stood at EGP 64.29 million in H1-19

14 August 02:50 PM Raya Contact Center’s H1 profits fall 29%

Cairo – Mubasher: Raya Contact Center (RACC) posted a 29% year-on-year drop in profits during the first half of 2019. Profits stood at EGP 64.29 million in H1-19, compared to EGP 90.2 million in H1-18, according to the company’s statement to the …

Financial Results

Total assets reached KWD 465.9 million by the end of June 2019

14 August 02:47 PM NREC records KWD 3m profit in Q2-19

Mubasher: National Real Estate (NREC) achieved an increase of 10.6% in profits during the second quarter of 2019 compared to the corresponding three months last year. Profits grew to KWD 3.05 million ($10.06 million) in Q2-19 from KWD 2.76 million …

Loss reached EGP 130.8m in 6M

14 August 02:38 PM Remco’ loss deepens in H1-19

Cairo – Mubasher: Remco for Tourism Villages Construction (RTVC) reported a 59.4% year-on-year loss increase during the first six months of 2019. The company’s loss reached EGP 130.85 million in H1-19, compared to EGP 82.06 million in the year-ago …

Financial Results

Net profits amounted to AED 774,000 in H1-19

14 August 02:35 PM Abu Dhabi Ship Building turns profitable in H1

Abu Dhabi – Mubasher: Abu Dhabi Ship Building (ADSB) turned profitable during the first half of 2019. Net profits amounted to AED 774,000 in H1-19, against net losses of AED 8.9 million in H1-18, according to the firm’s recent filing to the Abu …

Julphar’s losses amounted to AED 89.1 million in Q1-19

14 August 01:44 PM Julphar turns to losses in Q2-19

Abu Dhabi – Mubasher: Gulf Pharmaceutical Industries Company (Julphar) has suffered losses during the second quarter of 2019, against profits achieved in the corresponding period last year. The company incurred losses attributed to the owners of …

Financial Results

The company suffered AED 182.2 million in losses in H1-19

14 August 01:43 PM Waha Capital swings to losses in H1

Abu Dhabi – Mubasher: Waha Capital swung to losses during the first half of 2019. The company suffered AED 182.2 million in losses in H1-19, against profits of AED 239.7 million in H1-18, according to a recent filing to the Abu Dhabi Securities …

Net profits stood at AED 136.9 million in H1-19

14 August 12:53 PM Manazel Real Estate records AED 137m profits in H1

Abu Dhabi – Mubasher: Manazel Real Estate posted a 3% year-on-year profit rise during the first half of 2019. Net profits stood at AED 136.9 million in H1-19, compared to AED 132.9 million in H1-18, according to the company’s filing to the Abu …

Sales grew to EGP 3.02 billion in H1-19

14 August 12:40 PM Talaat Moustafa Group’s consolidated profits up 10% in H1-19

Cairo- Mubasher: The consolidated financial statements of Talaat Moustafa Group Holding (TMG Holding) showed an increase of 10% in profits by 10% during the first half of 2019, compared to the corresponding period last year. The profits of the …

Arabia Investments’ revenues shrank to EGP 715.9 million in H1-19

14 August 12:14 PM Arabia Investments’ profits decline 33% in H1-19

Cairo- Mubasher: The consolidated financial statements of Arabia Investments Holding Company revealed a 32.6% year-on-year decline in profits during the first half of 2019. The profits of the period slumped to EGP 31.6 million in H1-19 from EGP …

Financial Results