Financial Results

Total local sales and exports retreated to EGP 918.67 million

16 June 07:02 PM Hadisolb’s sales drop 14% in 10M

Cairo – Mubasher: Egyptian Iron and Steel’s (Hadisolb) board of directors announced that the company’s local sales and exports declined by 14.1% year-on-year during the first ten months of fiscal year 2018/2019. Hadisolb’s total local sales and …

Financial Results

Noor achieved an increase of 2.5% in Q1-19 profits

16 June 04:01 PM Noor Financial Investment H1-19 profits may fall 34% – Analyst

By: Mohamed Farouk Mubasher: Noor Financial Investment is expected to register a 34% decline in profits during the first six months of 2019 when compared to the corresponding six months last year, capital market analyst Ahmed Jassim Al Qamr told …

Losses before taxes stood at EGP 16.31 million

16 June 04:00 PM Memphis Pharmaceutical’s losses drop 57% in 11M

Cairo – Mubasher: Memphis Pharmaceutical and Chemical Industries reported a 56.6% year-on-year retreat in its losses during the first 11 months of fiscal year 2018/2019, the company’s board of directors said. The pharmaceuticals firm’s losses …

Financial Results

CIB topped the list

14 June 09:41 PM Profits of 12 EGX-listed banks reach $500m in Q1

By: Islam Fadl Cairo – Mubasher: Profit of 12 banks listed on the Egyptian Exchange (EGX) grew 24.3% year-on-year during the first quarter of the fiscal year 2019. The banks’ profit went up to EGP 8.453 billion ($500 million) in Q1-19, compared to …

Financial Results

Net losses after zakat and tax recorded SAR 78.72 million in Q1-19

13 June 04:52 PM Alujain Corp suffers SAR 79m losses in Q1

Riyadh – Mubasher: Alujain Corp reported SAR 78.72 million in losses during the first quarter of 2019. Net losses after zakat and tax recorded SAR 78.72 million in Q1-19, against SAR 62.46 million in profits in Q1-18, according to a filing to the …

Financial Results

Net sales grew to EGP 406.69 million

13 June 03:30 PM Arab Drug’s profit enlarges in 11M

Cairo – Mubasher: Arab Drug Co. has reported a 13.6% year-on-year increase in profit after taxes during the first 11 months of the fiscal year 2018/2019, recording EGP 50.29 million. Net sales grew to EGP 406.69 million in the eleven-month period …

Financial Results

A project by Al Enmaa Real Estate

13 June 01:56 PM Al Enmaa Real Estate records KWD 1.4m profits in 6M

Mubasher: Al Enmaa Real Estate achieved a surge of 147.7% in profits during the first six months that ended 30 April 2019 compared to the corresponding period a year ago. Earnings grew to KWD 1.38 million ($4.57 million) in the first half ended in …

Total revenues of Nayifat hit SAR 84.9 million in Q1-19

13 June 01:43 PM Nayifat’s revenues hit SAR 85m in Q1

Riyadh – Mubasher: Nayifat Finance Company posted 1.12% year-on-year growth in its revenues during the first quarter of 2019. Total revenues of Saudi Arabia’s leading non-bank financial institution hit SAR 84.9 million in Q1-19, according to the …

Financial Results

Total assets grew to EGP 95.86 billion in May

12 June 06:12 PM Faisal Islamic Bank's business volume hits EGP 97.5bn at end-May

Cairo – Mubasher: Faisal Islamic Bank of Egypt reported a 13.8% year-on-year growth in its business volume at the end of May, recording EGP 97.47 billion from EGP 85.67 billion. The bank’s total assets grew by 13.5% to EGP 95.86 billion in May, …

Financial Results

The six-month Expo 2020 will be hosted by Dubai from 20 October 2020 through 10 April 2021

12 June 03:20 PM Dubai Expo 2020 to boost real estate business in UAE – Analysis

By: Mahmoud Gamal Dubai – Mubasher: The real estate companies operating in the UAE are facing major challenges that have slowed down their profits and revenue in the first quarter of 2019, economists told Mubasher. Net profit of the real estate …

Financial Results

Sales revenue went up to SAR 152.641 billion

12 June 02:52 PM Saudi Aramco posts full-year revenue of $355.9bn

Riyadh – Mubasher: State-run Saudi Aramco, known formally as Saudi Arabian Oil Co., has reported a 34.7% year-on-year increase in its revenue during the fiscal year 2018. The major oil producer’s revenue grew to SAR 1.335 trillion ($355.94 …

Companies Investments

Taiba Investments reported an increase of 15% in Q1 profits

12 June 01:34 PM Taiba to pay 4.5% dividend for Q1

Riyadh – Mubasher: The Tadawul-listed Taiba Investments Co will distribute 4.5% of the capital as cash dividends for the first quarter of 2019. Taiba will pay SAR 0.45 per share on 30 June as cash dividends to the entitled shareholders of record …

Financial Results

Net profit of Emirates REIT fell to $1.6 million in Q1-19

11 June 01:37 PM Emirates REIT’s Q1 net profit falls to $1.6m

UAE – Mubasher: Dubai-based Equitativa Limited, the largest REIT manager in the GCC and manager of Emirates REIT (CEIC) Limited, on Tuesday announced Emirates REIT unaudited financial results for the first quarter of 2019. Net profit of Emirates …

Financial Results

Earnings shrank to about KWD 16,930 ($55,800) in Q1-19

11 June 01:04 PM Ream Real Estate Q1 profits plunge 89%

Mubasher: The financial statements of Ream Real Estate Co showed that the company posted a decrease of 89.1% in profits during the first quarter of 2019 compared to the same period last year. Earnings shrank to about KWD 16,930 ($55,800) in Q1-19 …

Financial Results

Net losses amounted to EGP 78.86 million in Q1-19

11 June 11:58 AM Orascom Investment’s consolidated losses decline 35% in Q1

Cairo – Mubasher: Orascom Investment Holding (OIH) posted a 35.1% year-on-year drop in its consolidated losses for the first quarter of 2019. Net losses amounted to EGP 78.86 million in Q1-19, compared to EGP 121.52 million in Q1-18, according to …

Financial Results

Palm hills’ standalone profits fell by 35.48% to EGP 26.481 million in Q1-19

11 June 11:27 AM Palm Hills Q1 consolidated profit drops 37%

Cairo – Mubasher: Palm Hills Development Co, a leading property developer based in Cairo, announced it has logged a consolidated net profit of EGP 141.161 million during the first quarter of 2019, down 37.02% from EGP 224.151 million in Q1-18. …

Net profits declined to EGP 758.3 million in H1 of FY18/19

10 June 03:42 PM Egypt Aluminum targets EGP 107m profit in FY19/20

Cairo – Mubasher: Egypt Aluminum announced it is likely to log profits of EGP 107 million during fiscal year 2019/2020. The aluminum maker amended its estimated budget scheme for the coming fiscal year after electricity is priced at EGP 1.11 …

Financial Results

The KEF’s Net Asset Value (NAV) reached $40 million on 25 November 2018

10 June 01:04 PM Kuwait Education Fund logs 56% return on investments – KAMCO

Mubasher: The Kuwait Education Fund (KEF), a private equity fund aimed at supporting and developing education in Kuwait’s private and public sectors, registered a 56% return on investment (ROI), KAMCO Investment Company said in a statement on …

Financial Results

Net profits after zakat and tax stood at SAR 127,838 in Q1-19

10 June 12:10 PM Arab Sea Q1 profit falls 86%

Riyadh – Mubasher: Arab Sea Information System Company reported an 85.84% year-on-year decline in its profits for the first quarter of 2019. Net profits after zakat and tax stood at SAR 127,838 in Q1-19, compared to SAR 902,939 in Q1-18, according …

Financial Results

Revenues rose to EGP 735.653 million

9 June 12:51 PM Alexandria Pharmaceuticals logs EGP 112m profit in 10M

Cairo – Mubasher: Alexandria Pharmaceuticals and Chemical Industries reported a 7.41% year-on-year decline in its profits during the first ten months of fiscal year 2018/2019. Net profits retreated to EGP 112.607 million in the July-April period …

Financial Results

Net profits amounted to EGP 32.11 million

3 June 11:49 AM Elsaeed Contracting’s profit soars 137% in Q1

Cairo – Mubasher: Elsaeed Contracting and Real Estate Investment Company (SCCD) reported a 137.2% year-on-year hike in its consolidated profits during the first quarter of 2019. Net profits amounted to EGP 32.11 million in the January-March period …

Financial Results

Al Maidan’s profits levelled up 9% to KWD 6.07 million in 2018

3 June 11:32 AM Al Midan posts KWD 885,000 profit in Q4

Mubasher: Al Maidan Dental Clinic (MIDAN) reported a 57% year-on-year increase in its profits for the fourth quarter of 2018. Net profits stood at KWD 885,040 million ($2.92 million) in Q4-18, compared to KWD 564,670 ($1.86 million) in Q4-17, …

Board of Directors

Net profits amounted to EGP 55.139 million

2 June 04:35 PM Cleopatra Hospital’s profit edges down in Q1

Cairo – Mubasher: Cleopatra Hospital Co reported a 3.6% year-on-year drop in its consolidated profits during the first quarter of 2019. Net profits amounted to EGP 55.139 million in the January-March period of 2019, compared to EGP 57.195 million …

Financial Results

Net profits retreated to EGP 97.18 million

2 June 02:49 PM Middle Egypt Mills logs EGP 97m profit in 10M

Cairo – Mubasher: Middle Egypt Flour Mills posted an 11.8% year-on-year decline in its profits during the first ten months of fiscal year 2018/2019. Net profits retreated to EGP 97.18 million from July 2018 to last April, compared to EGP 110.21 …

Financial Results

Net profits declined to EGP 77.71 million

2 June 02:35 PM Misr Chemical’s profit falls 37% in 10M

Cairo – Mubasher: Misr Chemical Industries reported a 36.6% year-on-year retreat in its profits during the first ten months of fiscal year 2018/2019. Net profits declined to EGP 77.71 million from July 2018 to last April, compared to EGP 122.5 …

Financial Results