Egypt’s EDC posts strong 2025 results, expands overseas footprint
Egypt’s Egyptian Drilling Company reported strong results for the financial year ending 2025, with revenues of…
Browsing Tag
revenues
Suez Canal revenues drop 45.5% in FY 2024/2025 – CBE
Egypt's Suez Canal revenues dropped 45.5 per cent to $3.6 billion during fiscal year 2024/2025, compared to $6.6…
Suez Canal revenues improve but still below normal, PM says
Egypt's Suez Canal revenues have been negatively affected by attacks on shipping in the Red Sea, Prime Minister…
Egypt’s SCZone posts record EGP 11.6b revenue in FY24/25
Egypt’s General Authority for the Suez Canal Economic Zone (SCZONE) reported record revenues of 11.6 billion…
Egypt sees EGP 650m agricultural revenues in 2024
Egypt's General Authority for Agrarian Reform in Egypt reported revenues exceeding EGP 650 million during the final…
Russia’s ’25 budget to face $11b deficit
The Russian federal budget for 2025 is projected to run a deficit of 1.173 trillion roubles ($11.02 billion), as…
Egypt’s SCZONE revenue hits EGP 8.25b, up 36% in ’23-’24
The General Authority for the Suez Canal Economic Zone (SCZONE) achieved total revenues of EGP 8.25 billion during…
Egypt’s primary surplus reaches EGP 822b in 11m
Egypt's general budget has surpassed targets over 11 months, defying global challenges and corrective economic…
UniCredit targets ’24 success, to mirror ’23 performance
UniCredit bank announced on Monday that it aims to replicate its 2023 performance in 2024, despite economic…
Telecom Egypt revenues grow by 48%
Telecom Egypt reported on Tuesday a 48 percent year-on-year (YoY) growth in net profit after taxes, supported by…
Abu Dhabi Ports record 4% profit fall in Q2 of 2023
Abu Dhabi Ports Group (AD Ports Group) posted on Tuesday its profit on shareholders that fell by four percent in…
Lufthansa predicts summer travel boom after Q1 loss
German airline Lufthansa expected strong demand for holiday travel this summer, while it reported a loss in the…
Netflix secures $1.31bln net profit in Q1 of 2023
Netflix has posted a net profit of $1.31 billion, about $2.88 per share, while forecasts indicated revenue of $2.86…
e& reports net profit of $2.72bln in 2022
UAE telecom group e& reported on Monday a rise in consolidated net profit of AED10 billion ($2.72 billion) up…
Zoom shares jump 8% after Q4 results
U.S. Zoom company shares have jumped by 8 percent in extended trading on Monday after announcing its results for…
EFG Hermes says Q3 revenues grew two-fold
EFG Hermes reported on Wednesday a 95 percent year-on-year growth in group revenues in the third quarter of the…
Egypt’s El Sewedy Electric half-year revenues jump to EGP 38 billion
Egypt’s El Sewedy Electric said on Tuesday its revenues climbed to 38 billion Egyptian pounds ($2 billion) in the…
Egypt’s Misr Insurance Holding eyes 31% growth in FY2022/23 net profit
Egypt’s state-owned Misr Insurance Holding (MIHC) is targeting a net profit of 5.8 billion Egyptian pounds ($306.2…
Egypt’s Edita net profit grows 52.1% y-o-y in 2021
Egypt's largest snack food producer Edita reported on Tuesday a 52.1 percent year-on-year growth in net profit in…
Egyptian property developer SODIC H1 net profit jumps 203%
Egypt’s property developer SODIC reported on Wednesday a 203 percent year-on-year growth in net profit for the…
Egypt’s Amer Group net profit soars 538% in H1
Egyptian real estate firm Amer Group reported on Thursday a 537.75 percent year-on-year boom in net profit for the…
Egypt’s EFG Hermes Q2 revenues climbs 20% y-o-y
Egypt’s EFG Hermes reported on Wednesday a 20 percent year-on-year growth in revenues for the second quarter of the…
Orascom Development Egypt H1 net profit soars 342%
Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding AG (ODH), reported on Monday a 342.28…
Egypt’s Beltone Financial turns profitable on revenue gains in H1
Egyptian investment bank Beltone Financial Holding have turned profitable in the first half of the year, reporting…
Egypt’s Talaat Moustafa Group beats on profit, posts record sales in H1
Egypt’s property firm Talaat Moustafa Group (TMG) posted its biggest-ever growth in sales on Sunday, reporting a…
Egypt’s Commercial International Bank net profit surges 22% in H1, 24% in Q2
Commercial International Bank (CIB), one of Egypt’s largest private banks, revealed on Tuesday its financial…
Egypt’s Qalaa Holdings revenues hit EGP 8 billion in Q1
Egypt’s Qalaa Holdings, one of the country’s largest investment companies, reported on Sunday a 23 percent…
Emaar Misr Q1 profits jump 113.7%
Emaar Misr, the Egyptian unit of UAE property conglomerate Emaar Properties, reported on Sunday a 113.73 percent…
Integrated Diagnostics Holdings Q1 net profit jumps 230% y-o-y
Integrated Diagnostics Holdings (IDH), a healthcare diagnostics service provider with operations in Egypt, Jordan,…
EFG Hermes says Q1 revenues climb 30% y-o-y
Egyptian investment bank EFG Hermes reported on Wednesday its first quarter results for 2021, with revenues…
Egypt’s state-run Banque du Caire 2020 net profit hits EGP 3.2 billion
Banque du Caire, Egypt’s third largest public state-lender, reported on Wednesday solid growth rates and positive…
Egypt’s Talaat Moustafa Group revenues grow 20% in 2020
Egyptian property developer Talaat Moustafa Group reported on Wednesday a 20 percent year-on-year growth in…
Orange Egypt says revenues grew 6.7% in 2020
Orange Egypt reported on Sunday a 6.7 percent year-on-year increase in revenues to €891 million ($1.1 billion or…
Etisalat Misr third-quarter revenues rise 18% year-on-year
Etisalat Misr, the Egyptian unit of Etisalat, sustained a quarterly revenue growth momentum, reporting an 18…
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 Orascom Construction posts 17.7% surge in underway projects in H1
Egypt’s Orascom Construction reported on Wednesday a 17.7 percent growth in its underway projects during the first…
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 26% growth in second-quarter revenues
Egyptian investment bank EFG-Hermes Holding reported a 26 percent year-on-year increase in revenues during the…