Egypt’s El Sewedy Electric earnings double by 283% to EGP 3bln in Q1 2023
Egypt’s El Sewedy Electric announced on Tuesday that its profits doubled by more than 283 percent to 3.1 billion…
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Net profits
Ahli United Bank achieves EGP1.39 billion net profit in 9 months
Ahli United Bank – Egypt (AUBE), reported on Tuesday that it achieved a 1.39 billion Egyptian pounds net profit for…
Egypt’s developer Palm Hills first-half net profits down 38.7%
Egypt's property developer Palm Hills reported on Tuesday a 38.7 percent drop in its net profits during the first…
Egypt’s Heliopolis Housing net profits fall to $23.5mn in FY2020
Egyptian Heliopolis Company for Housing and Development's net profits fell to 372.79 million Egyptian pounds ($23.5…
Egypt’s Delta Insurance net profits rise 24% y-o-y in FY2020
Egyptian Delta Insurance’s consolidated net profits after taxes increased 24 percent year-on-year during the…
Egypt’s El Sewedy Electric first-half profits drop 47% y-o-y
Egyptian cable maker, El Sewedy Electric reported a 47 percent year-on-year decline in its net profits to 1.025…
Egypt’s EFG-Hermes reports 38% decline in first-half profits
Egyptian investment bank EFG-Hermes Holding posted a 38 percent drop year-on-year in its net profits to 422.9…
Egypt’s Oriental Weavers first-half profits decline 42.32%
Egypt's leading carpet manufacturer, Oriental Weavers Group reported a 42.32 percent year-on-year drop in its net…
Egypt’s Orascom Development first-half profits fall 57%
Egypt’s Orascom Development Holding reported on Sunday a 57 percent year-on-year drop in its net profits to 168.35…
Egyptian digital bill payments firm Fawry’s H1 profits jump 135.5%
Egyptian digital bill payments company Fawry recorded a 135.5 percent year-on-year jump in its net profits to 85.9…
Al Baraka Bank Egypt records 1.1% surge in first-half profits
Al Baraka Bank Egypt, part of Bahraini Islamic lender Al Baraka Group, reported a 1.1 percent year-on-year growth…
National Bank of Kuwait first-half profits fall 28.6% in Egypt
National Bank of Kuwait–Egypt (NBK), the Gulf Arab state's largest commercial lender, reported a 28.6 percent…
Egyptian Mohandes’ insurance activity surplus rises to 8.1 mln in nine months
Egyptian Mohandes Insurance generated surplus from insurance activity up to 130.4 million Egyptian pounds ($8.1…
Egypt’s SODIC records 83% decline in first-quarter profits
Egypt’s real estate developer, SODIC reported an 83 percent drop in net profits to around 28 million Egyptian…
Egyptian Mohandes Insurance’s net profit grows 12.96% in FY2019
Egyptian Mohandes Insurance reported on Wednesday a 12.96 percent year-on-year increase in net profit to 145.04…
Egyptian Takaful Insurance’s net profits rise 61% in FY2018/19
Egyptian Takaful Insurance Co. (Property) posted a 61 percent growth year-on-year in net profits during the…
Misr Insurance Holding’s affiliates eye 34.5% surge in FY20 net profits
Egyptian state-owned Misr Insurance Holding said on Sunday affiliates are targeting a 34.5 percent growth in net…
Egypt’s Orascom Development 9-month contractual sales rise 78.2%
Egypt’s Orascom Development Holding reported on Monday a 78.2 percent growth in its contractual sales to 1.7…
Egypt’s Heliopolis Housing hopes to receive its dues
Egyptian state-run Heliopolis Company for Housing and Development’s board decided on Sunday to launch a tender to…
Egypt’s property developer Porto Group appoints new chairman
Egyptian property developer Porto Group's board of directors approved Tuesday to appoint Mohammed Sayed Abdel Raziq…
Marseilia Group to invest 20bn pounds in Cairo, Alexandria flagships in 5yrs
Egypt’s property developer firm Marseilia Group plans to pump investments worth 20 billion Egyptian pounds ($1.1…
Union National Bank-Egypt Q1 profits fall 23.6%
Union National Bank-Egypt (UNB) reported Sunday a 23.6 percent drop in first-quarter net profits, reaching 60.04…
Egypt Arab Contractors’ revenues surge 13.68% in FY2016/17
Revenues of Egypt’s state-run construction firm Arab Contractors (AC) rose by 13.68 percent, reaching 20.192…
Egypt’s Delta for Printing and Packaging net profits rise to 5 mln pounds in 2017
The net profits of Egypt’s Delta Company for Printing and Packaging increased to five million Egyptian pounds…
Europe finishes on a positive note amid strong earnings; HSBC shares fall 3%
European equities posted solid gains by the close on Tuesday, as investors shook off volatility concerns and…
Egypt’s NBE posts net profit of 6 bln pounds in H1 of FY2017/18
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) recorded net profits of 6 billion Egyptian…
Egypt’s Palm Hills Developments Q3 profits fall to 118 mln pounds
Palm Hills, Egypt's second largest listed real estate developer, said Thursday its third-quarter net profits…
Zahraa Maadi 9-month profits narrow to 103.5 mln Egyptian pounds
Egypt’s state-owned Zahraa Maadi Investment and Development Company reported Tuesday a drop in its nine-month net…
State-owned Middle Egypt Flour Mills Q1 profits up to 28mn pounds
Middle Egypt Flour Mills Company, affiliated to Holding Company for Food Industries, reported Monday an increase in…
Egypt’s dairy maker Juhayna reports 12% fall in Q3 net profits
Egypt's Juhayna Food Industries Company reported Sunday a 12 percent drop in its net profits to reach 65 million…
Real Estate Egyptian Consortium 9-month standalone profits fall to 26mn pounds
State-owned Real Estate Egyptian Consortium company reported Tuesday a drop in its standalone net profits after…
Egypt’s Misr Hotels Q1 profit hits 37.6 mln pounds
Egypt’s state-run Misr Hotels Company reported Wednesday first-quarter net profit after tax worth 37.6 million…
Egyptian banks net profits grow 48% end-2016
Egypt’s banks made 62 billion Egyptian pounds ($3.5 billion) in net profit at the end of 2016 from 34 billion…
Egypt’s Global Telecom Holding posts 33% up in Q2 net profits
Egypt’s Global Telecom Holding Company (GTH), previously Orascom Telecom Holding, reported Thursday a 33.4 percent…
Egypt’s drugmaker Nile Pharma profits rise 290% in 11 months
Egypt's drugmaker Nile Company for Pharmaceuticals and Chemical Industries reported Monday a 290 percent increase…
Egypt’s garments producer Al Arafa Q1 profits rise by 48%
Egypt’s high-end garments producer Al Arafa for Investments and Consultancies reported Thursday a 47.8 percent…
Egypt’s Industrial Development Bank posts 100 mln pounds-net profits in 4 months
Industrial Development and Workers Bank of Egypt (IDWBE) has achieved net profits worth 100 million Egyptian pounds…
Telecom Egypt net profit drops by 11% in 2016
State-owned Telecom Egypt (TE), which has a monopoly on the country's landlines, announced Monday that its net…
Barclays reports trebling of pretax profit for 2016
Barclays recorded worse-than-expected net profits for 2016, but posted a surprise uptick in its capital buffers as…
Egypt’s South Valley Cement Q1 2016 net profits up 33%
Egypt-based South Valley Cement (SVCE.CA) reported an increase of 33 percent in net profits for the first quarter…