Financial Results

Cairo – Mubasher: Asec Company for Mining (ASCOM) turned to net losses worth EGP 25.67 million in the first quarter (Q1) of 2024, versus net profits worth EGP 38.58 million in Q1-23. Revenues climbed to EGP 759.97 million as of 31 March 2024 from …

Cairo – Mubasher: The net losses of South Valley Cement Company hiked to EGP 46.30 million in the first quarter (Q1) of 2024 from EGP 37.05 million in Q1-23. The company generated revenues amounting to EGP 328.37 million in the January-March 2024 …

Cairo – Mubasher: The standalone net profits after tax of Egyptian Chemical Industries (Kima) reached EGP 102.28 million in the first nine months (9M) of fiscal year (FY) 2023/2024. The recorded net profits were lower by 90% year-on-year (YoY) …

Cairo – Mubasher: The standalone net profit of Arab Cotton Ginning Company rose by 142% year-on-year (YoY) to EGP 62.68 million in the first nine months (9M) of the fiscal year (FY) of 2023/2024 from EGP 25.90 million. Operating revenues increased …

Cairo – Mubasher: The standalone net profit of Orascom Investment Holding (OIH) surged by 784.56% year-on-year (YoY) to EGP 570.19 million in the first quarter (Q1) of 2024 from EGP 64.46 million. The basic and diluted earnings per share (EPS) …

Cairo – Mubasher: The consolidated net profit of Gadwa for Industrial Development jumped by 187% year-on-year (YoY) to EGP 616.59 million in the first quarter (Q1) of 2024 from EGP 214.72 million in Q1-23. Consolidated revenues soared to EGP 4.48 …

Cairo – Mubasher: The consolidated net profit of Pioneers Properties for Urban Development soared by around 1,051% year-on-year (YoY) to EGP 1.17 billion in the first quarter (Q1) of 2024 from EGP 102.12 million in Q1-23. Consolidated operational …

Riyadh - Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) proposed cash dividends worth SAR 10.19 million, representing 3% of the capital, in the first quarter (Q1) of 2024. GO will disburse a dividend of SAR 0.30 per share for …

Cairo – Mubasher: Electro Cable Egypt posted a consolidated net profit of EGP 535.32 million in the first quarter (Q1) of 2024, up from EGP 202.17 million in the equivalent period a year earlier. Consolidated sales jumped to EGP 3.07 billion in …

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) has achieved total sales of EGP 122 billion in the first five months (5M) of 2024, up from EGP 45 billion in the same period the year before. The surge in sales include EGP …

Cairo – Mubasher: Misr Beni Suef Cement’s net profit declined to EGP 41.52 million in the first quarter (Q1) of 2024 from EGP 61.36 million in the equivalent period the year before. Net sales leapt to EGP 666.59 million in Q1-24 from EGP 276.32 …

Cairo – Mubasher: Orascom Financial Holding (OFH) turned to a consolidated net loss of EGP 22.81 million in the first quarter (Q1) of 2024, versus a net profit of EGP 19.81 million in the equivalent quarter the year before. Revenues soared to EGP …

Cairo – Mubasher: Elsewedy Electric Company has reported a 33.33% year-on-year (YoY) surge in consolidated net profit to EGP 4.23 billion in the first quarter (Q1) of 2024 from EGP 3.17 billion. Consolidated revenues soared 35.70% YoY to EGP 45.24 …

Cairo – Mubasher: Sharm Dreams Company for Touristic Investment logged net profits after tax valued at EGP 2.18 million in the first quarter (Q1) of 2024, versus losses worth EGP 1.68 million in Q1-23. Earnings per share (EPS) hit EGP 0.04 as of …

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) logged net profits after tax worth EGP 103.23 million in the first nine months (9M) of fiscal year (FY) 2023/2024, an annual leap from EGP 69.86 million. The sales hiked to EGP …

Cairo – Mubasher: The consolidated net profit after tax of Juhayna Food Industries rose to EGP 478.74 million in the first quarter (Q1) of 2024 from EGP 339.41 million. Net sales jumped to EGP 5.75 billion in Q1-24 from EGP 3.42 billion in Q1-23, …

Cairo – Mubasher: The consolidated net profit of Egyptian Financial and Industrial Company (EFIC) surged to EGP 428.49 million during the first quarter (Q1) of 2024 from EGP 222.18 million in Q1-23. Net sales jumped to EGP 1.78 billion in Q1-24 …

Cairo – Mubasher: The Arab Dairy Products Company (Arab Dairy – Panda) logged consolidated net profit after tax worth EGP 64.86 million in the first quarter (Q1) of 2024. The recorded net profits were compared with EGP 22.11 million in Q1-23, …

Cairo – Mubasher: Sinai Cement turned to a consolidated net profit of EGP 301.11 million during the first quarter (Q1) of 2024, versus a net loss of EGP 58.47 million in the same quarter a year earlier. Consolidated net sales declined to EGP 1.16 …

Riyadh – Mubasher: The board of SABIC Agri-Nutrients Company recommended cash dividends amounting to SAR 1.42 billion, on 30 May, for the first half (H1) of 2024. The Saudi firm will disburse a dividend of SAR 3 per share, representing 30% of the …

Dubai – Mubasher: The accumulated losses of Dubai Islamic Insurance and Reinsurance Company (Aman) reached AED 149.44 million in the first quarter (Q1) of 2024. The incurred accumulated losses represent 66.20% of the company’s paid-up capital, …

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, achieved a 108% year-on-year (YoY) jump in net profit to EGP 9.90 billion during the first quarter (Q1) of 2024. FABMISR said it …

Cairo – Mubasher: Egyptian Financial and Industrial Company (EFIC) reported a standalone net profit of EGP 158.20 million in the first quarter (Q1) of 2024, up from EGP 87.26 million in the equivalent period of 2023. Sales leapt to EGP 779.63 …