Attijariwafa Bank Egypt scores highest profit in its history of 1.1bln pounds
Attijariwafa Bank Egypt achieved net profits of 1.1 billion Egyptian pounds in 2017 for the first time in its…
Browsing Tag
net
Egypt’s foreign direct investments up 14.5% in FY2016/17
Egypt’s net foreign direct investment (FDI) rose by 14.5 percent to $7.9 billion in the financial year 2016/2017 ,…
Egypt’s food provider Edita reports 85% fall in Q2 profits
Egypt’s snack food maker Edita reported Thursday a 85.3 percent drop in profits to reach 7.05 million Egyptian…
Coca-Cola profit fall by 60% on refranchising charge
U.S. drinks giant Coca-Cola reported a 60.2 percent fall in quarterly profit, as the beverage maker incurred a…
Foreign direct investment in Egypt rises to $6.8bn during 2015/16
The net foreign direct investment in Egypt during the financial year 2015/2016 reached $6.8 billion, said…
Egypt’s FDI up 36% in Q1 – CBE
Net foreign direct investments (FDI) in Egypt increased by 36% in the first quarter of the fiscal year 2016-2017,…
Foreign investments in Egypt hit $6.8b in FY2015-16: Ministry
The net volume of foreign investments in Egypt rose by 7.2 percent in financial year 2015-16 to US$6.84 billion…
Vodafone loss deepens on large Indian write-down
Vodafone Group PLC said Tuesday that it remained on track to meet its full-year goals despite reporting a sharply…
Egyptian National Cement incurs $13m-losses by end-June
Egypt's National Cement Company (NCC) incurred net losses of 119.9 million Egyptian pounds (US$13.5 million) during…
Egypt’s foreign reserves rose to $19.6bn in September: CBE
Egypt’s net international reserves rose in September to $19.591 billion up from $16.564 billion in August, the…
Egyptian property developer SODIC posts H1 net profit of $17mn
Egyptian real estate developer six of October Development & Investment (SODIC) posts H1 net profit of 157.9 mln…
Dubai-based Arabtec Q2 net loss narrows but costs still weigh
Dubai contractor Arabtec on Sunday reported a narrower loss in the second quarter compared to a year earlier, its…
Egypt’s Arab Drugs trounces expectations, profits jump by 1235%
Egypt-based Arab Drug reported net profits before tax for the fourth quarter of financial year 2015/16 jumped by…
Diarna Egypt eyes 50% increase in net sales next fiscal year
Egypt-based leading real estate marketing company, Diarna targets a 50% increase in net sales for the next fiscal…
Mitsubishi Motors sees annual net loss due to mileage scandal
Mitsubishi Motors Corp (7211.T) expects to post a net loss for the current financial year over its mileage cheating…
Egypt’s SODIC Q1 net profit declines by 31 %
Egyptian real estate developer six of October Development & Investment (SODIC) consolidated net profit declined…
Egypt’s Global Telecom posts $87.5 mln Q1 net profit
Egypt's Global Telecom swung to a first-quarter net profit of $87.5 million from a loss of $82.3 million a year…
Nokia reports falling network sales, ups savings target
Nokia's net sales of telecoms equipment fell more than expected in the first quarter and the Finnish company warned…
Emaar Misr assets jump to $2bn in Q1/2016
Emaar Misr for Development (EMFD), the Egyptian unit of UAE property conglomerate, said first quarter assets…
Credit Agricole Egypt Q1 profit jumps to $35.5mn
The French lender, Crédit Agricole reported Wednesday higher first quarter net profit in Egypt to register 315.9…
Deutsche Bank net income down 58% as investment bank slumps
Deutsche Bank (DBKGn.DE) posted a surprise net profit in the first quarter, helped by lower litigation costs,…
Egypt’s Qalaa Holdings posts $923k in FY 2015
Egyptian leading real estate company, Qalaa Holdings (CCAP) reports net loss after minority interest of 1,155.4…
Egypt’s Orascom Development turns into losses of $23mn in FY 2015
Egypt- based Orascom Development Holding (ODH) has turned into loss during fiscal year 2015 to incur net losses of…
Egypt’s Orascom Development turns into losses of $23mn in FY 2015
Egypt- based Orascom Development Holding (ODH) has turned into loss during fiscal year 2015 to incur net losses of…
Chrome could soon be web’s top browser
Microsoft could soon fall to second place behind Google in browser market share, according to new data from Web…
Egypt’s Ezz Steel posts 2015 net loss of $47 mln
Egypt's Ezz Steel posted a full year net loss of 418.03 million Egyptian pounds ($47 million) in 2015, compared…
Egypt’s Edita posts profits of $39.3mn in 2015
Egyptian food maker, Edita has posted net profit of 349.1 million Egyptian pounds (US$39.3million) with an increase…
Egyptian Dairy Maker Domty annual profits skyrocket 355%
The net profits of Egyptian dairy maker Arab Food Industries Company (Domty) rose by 355.4 percent during the…
Egypt’s Enppi profits rise 19%, records $64mn
The net profit of the Egyptian Engineering Company for the Petroleum and Process Industries- Enppi recorded around…
Egypt’s SODIC reports 2015 net profit of $35.9 mln
Egyptian real estate developer six of October Development & Investment (SODIC) posted consolidated net profit…
Global Telecom turns to profitability in 2015
Global Telecom Holding (GTHE) posted consolidated net profit of $ 9.8 million against incurring net loss of $444.3…
Egypt Aviation Company net profit rose by 55.3% in 2015
State-owned Egyptian Holding Company for Airports and Air Navigation EHCAAN and its subsidiaries have achieved net…
Bahrain’s Al Baraka Banking Group Q4 net attributable profit up 15%
Al Baraka Banking Group , the Bahrain-based Islamic lender with operations in more than a dozen countries,…
Porto Group posts net profit of $4.7m in Aug / Dec 2015
Porto Group posted consolidated net profits of 37,258 million Egyptian pounds(US$4.7 million). The company…
Abu Qir Fertilizers six-month net profit reaches $65mn
Egypt's Abu Qir Fertilizers has attained net profit of 506.6 million Egyptian pounds (US$64.6 million) during the…
Sidi Kerir Petrochemicals net profit falls 8.4% in nine months
The net profit of Egypt's Sidi Kerir Petrochemicals Co – Sidpec has been declined 8.4 percent within the first nine…
Egypt’s Housing Bank attains $51mn net profits in nine months
Egypt's Housing and Development Bank (HDB) achieved nine-month net profits after taxes estimated at 400.2 million…
Egyptian Amer Group says Q3 net profit falls 56.4%
Egyptian real estate company Amer Group said Thursday its third-quarter net profit fell 56.4 percent. Amer Group…
Faisal Islamic Bank of Egypt: 9-month net profit 25.3% up
Faisal Islamic Bank of Egypt has recorded a nine-month growth of 25.3 percent in net profit, the bank announced…
Sinai Cement registers US$4mn net losses in H1
The Sinai Cement Company (SCC) reported 28.69 million Egyptian pounds (US$3.6 million) in net losses in the first…