Financial Results

Revenues surged to $54.75 million during the three-month period ended last March
21 June 12:56 PM Maridive Q1 profits rise 23%
Cairo – Mubasher: Maridive and Oil Services on Thursday reported a 23.3% year-on-year rise in net consolidated profit for the first quarter of 2018, recording $6.9 million from $5.66 million. Revenues surged to $54.75 million during the …
Operating income grew by 25% in the three-month period ended last March
19 June 01:24 PM ABK Egypt Q1 profits hit EGP 109m
Cairo – Mubasher: Al Ahli Bank of Kuwait – Egypt (ABK) reported a 58% year-on-year surge in net profit for the first quarter of 2018, recording EGP 109 million.   Operating income grew by 25% in the three-month period ended last March to EGP 287 …
The property developer has generated EGP 5.6 billion in sales from its project Celia in the New Capital
14 June 02:03 PM TMG Holding sales hit EGP 11bn in 2018
Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) has achieved a year-to-date sales of EGP 11 billion. The property developer has generated EGP 5.6 billion in sales from its project Celia in the New Capital, the company said in a …
The income statements of FY17 showed KWD 71,870 profits
14 June 01:45 PM Senergy nods to withholding FY17 dividends
Mubasher: Senergy Holding Co has approved the board’s recommendation on distributing zero dividends for fiscal year ended on 31 December 2017. The postponed ordinary general meeting (OGM) approved the income statements of FY17 in which profits …
Etihad Airways logs AED 22.41bn revenues in 2017
14 June 01:10 PM Etihad Airways logs AED 22.41bn revenues in 2017
Abu Dhabi – Mubasher: Etihad Airways on Thursday revealed an increase in total revenues for the full-year 2017. The second largest airline in the UAE registered AED 22.41 billion ($6.1 billion) in revenues last year, up 1.9% from AED 21.67 billion …
Local sales amounted to EGP 1.07 billion in the first 10 months of fiscal year 2017/2018
14 June 12:37 PM HADISOLB sales hit EGP 1.07bn in 10M
Cairo – Mubasher: The financial indicators of Egyptian Iron and Steel (HADISOLB) have shown a 10.4% year-on-year increase in local sales for the 10-month period ended April 2018. Local sales amounted to EGP 1.07 billion in the first 10 months of …
Revenues narrowed down to EGP 32.9 million in the three-month period ended March
13 June 01:59 PM Egyptian Resorts Q1 profits plunge 99%
Cairo – Mubasher: Egyptian Resorts Co on Wednesday reported a 98.6% year-on-year drop in consolidated profits for the first quarter of 2018, recording a net profit of EGP 726,300 from EGP 52.6 million, including minority shareholders’ rights. …
The increase in profits is attributed to renewing contracts with KOC
12 June 11:39 AM Burgan Drilling records 11% incline in annual profits
Mubasher: Burgan Company for Well Drilling, Trading and Maintenance achieved an increase of 10.6% in profits during fiscal year ended on 31 March 2018 when compared to the previous year. Earnings grew to KWD 2.72 million ($9.02 million) in fiscal …
The company aims to achieve revenues of around EGP 6.79 billion and sales of EGP 6.2 billion in FY18/19
11 June 12:20 PM Abu Qir eyes EGP 1.8bn profits in FY18/19
Cairo – Mubasher: The board of Abu Qir Fertilizers has approved the budget scheme for fiscal year 2018/2019, with targeted profits of EGP 1.8 billion. The fertilisers producer aims to achieve revenues of around EGP 6.79 billion and sales of EGP …
The bank’s total assets grew by 11.8% to EGP 86.6 billion last May
11 June 11:49 AM Faisal Islamic Bank’s business volume rises 11.7% in May
Cairo – Mubasher: Faisal Islamic Bank of Egypt on Monday reported a growth in business volume by 11.7% year-on-year at the end of May 2018, recording EGP 87.9 billion from EGP 78.7 billion. The bank’s total assets grew by 11.8% to EGP 86.6 billion …
Revenues shrank by 11% to EGP 1.98 billion in the three-month period ended last March
10 June 01:06 PM Mopco Q1 profits drop 33%
Cairo – Mubasher: Misr Fertilizers Production Co (Mopco) on Sunday reported a 33% year-on-year fall in consolidated profits for the first quarter of 2018, recording a net profit of EGP 262.1 million from EGP 393.7 million. Revenues shrank by 11% …
The growth in the six-month profits is attributed to an increase of 55% in operating income
10 June 12:42 PM Al Enmaa Real Estate records higher profits in Q2, 6M
Mubasher: Al Enmaa Real Estate achieved an increase of 39.07% in profits during the second quarter that ended on 31 April 2018, compared to the same period in the previous year. Earnings grew to about KWD 276,100 ($915,200) in Q2 ended on 31 April …
Losses amounted to about KWD 16,820 ($55,800) in Q1
7 June 10:25 AM Effect Real Estate losses shrink 74% in Q1
Mubasher: Effect Real Estate Co reported a decline of 74.4% in losses during the first quarter that ended on 30 April 2018 when compared to the same period in the previous year. Losses amounted to about KWD 16,820 ($55,800) in Q1 that ended on 30 …
Boubyan Petrochemical closed Wednesday’s session 0.12% lower
6 June 02:36 PM Boubyan Petrochemical to pay 45% dividends
Mubasher: The ordinary general meeting (OGM) of Boubyan Petrochemical approved the board’s recommendation to distribute 45% of the capital as cash dividends for the fiscal year that ended on 30 April 2018. Boubyan Petrochemical will pay 45 fils …
Net profits amounted to EGP 17.1 million in Q1-18
6 June 12:39 PM Middle East Glass Q1 profit hikes 97%
Cairo – Mubasher: Middle East Glass Manufacturing Company’s (MEGM) consolidated financial results showed a hike of 96.7% year-on-year in profits for the first quarter of 2018. Net profits amounted to EGP 17.1 million in Q1-18, compared to GEP 8.7 …
Sales fell to EGP 317.07 million in Q1-18
6 June 12:29 PM Ajwa Group Q1 profit soars to EGP 8.4m
Cairo – Mubasher: Ajwa Group for Food Industries – Egypt's ’s consolidated financial results showed a 1.041% year-on-year surge in its profits during the first three months of 2018, registering EGP 8.4 million, up from EGP 740,900 in Q1-17. Sales …
Elsewedy Electric attributed the drop in profits to a growth in costs
6 June 12:14 PM Higher costs push down Elsewedy Electric's Q1 profit
Cairo – Mubasher: The financial indicators of Elsewedy Electric on Wednesday showed a 7% year-on-year decrease in its consolidated profits during the first quarter of 2018, recording a profit of EGP 1.4 billion, compared to EGP 1.53 billion during …
Profits amounted to EGP 184.27 million in Q1-18
6 June 11:49 AM Ezz Steel turns profitable in Q1-18
Cairo – Mubasher: The consolidated financial statements of Ezz Steel showed that Egypt's largest steelmaker turned a profit for the first quarter of 2018, helped by an increase in sales. Profits amounted to EGP 184.27 million in Q1-18, against a …
Earnings grew to KWD 2.26 million ($7.5 million) in the six-month period
6 June 10:39 AM Arkan Al Kuwait posts KWD 2m profits in 6M
Mubasher: Arkan Al Kuwait Real Estate achieved an increase of 73.9% in profits during the six months that ended on 30 April 2018. Earnings grew to KWD 2.26 million ($7.5 million) in the six-month period from KWD 1.3 million ($4.3 million) in the …
Egypt is seeking to boost its overseas reserves in the 2018/2019 budget.
4 June 03:03 PM Egypt’s foreign reserves rise 0.2% by end-May
 Cairo – Mubasher: Egypt's foreign reserves inched up 0.2% in May, compared to a month earlier, the Central Bank of Egypt’s (CBE) data revealed. The North African country’s net foreign reserves rose to $44.138 billion by the end of last month, …
The board of Eastern Co had previously approved to raise the company’s capital to EGP 2.25bn
4 June 12:01 PM Eastern Co profit hits EGP 2.9bn in FY16/17
Cairo – Mubasher: Eastern Co on Monday said it has amended its financial statements for fiscal year 2016/2017, recording EGP 2.9 billion in profits, up from EGP 1.4 billion a year earlier. This comes as a result of the cash dividends, approved by …
The Agadir Agreement is a free trade accord between Egypt, Jordan, Morocco and Tunisia.
3 June 03:25 PM Egypt's exports to Agadir markets hit $505m in 4M – GOEIC
Cairo – Mubasher: Egypt’s exports to the markets of the Agadir Agreement surged 38.3% to $505 million during the first four months of 2018, from $ 365 million in the year-ago period, General Organization for Export and Import Control (GOEIC) said. …
Local-currency deposits rose to EGP 2.26 trillion by the end of April 2018
3 June 02:53 PM Egypt’s bank deposits rise to EGP 2.26tn in April – CBE
Cairo – Mubasher: Egypt’s bank deposits jumped 32% year-on-year in April, the Central Bank of Egypt’s (CBE) data revealed. Local-currency deposits rose to EGP 2.26 trillion by the end of April 2018, compared to EGP 1.71 trillion in the same month …
AMOC aims to achieve profits of around EGP 707.2 million in FY18/19
3 June 02:23 PM AMOC eyes EGP 707m profits in FY18/19
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) is looking to generate a profit of around EGP 707.2 million in fiscal year 2018/2019, against EGP 1.008 billion in profits. The investment scheme of the company targets EGP 514.8 million in …
The North African nation's non-oil exports amounted to $8.64 billion from January to April 2018
3 June 12:21 PM Egypt’s non-oil exports rise 16% YoY in 4M – Minister
Cairo – Mubasher: Egypt’s non-oil exports have registered a 16% year-on-year increase in the first four months of 2018,  trade and industry minister Tarek Kabil said. The North African nation's non-oil exports amounted to $8.64 billion from …