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Next Article IV consultation likely to be held early 2020, says staff report
Experts argue security stability is key behind hike in tourism, Sultan forecast sector to achieve $15bn by FY-end
Qalaa Holdings is a company that works in energy, cement, agrifoods, transportation and logistics, mining, and printing and packaging.
Large private company to be offered on EGX by November
Mamish revealed in a press conference on Tuesday evening that $25bn was invested in the Suez Canal Economic Zone (SCZone), across 192 projects that have been carried out.
Upon approval of shareholders, paid-up capital will be increased from EGP 119.697m to EGP 191.515m
Company achieves net profit of EGP 207.7m in this period, up 39% y-o-y
The top-line expansion came on the back of robust results posted across its subsidiaries, especially at the Group’s energy platform with TAQA Arabia’s revenues up 41% y-o-y and Tawazon’s up by 59% y-o-y, according to Qalaa’s Tuesday press statement.
Net profit boosted by 27% y-o-y reaching 18m
According to the press statement, the strong growth in revenues was driven mainly by Villette which contributed to circa 50% of the delivered value.
On the occasion of International Museums Day, CAPMAS said on Saturday that the number of Egyptian museums declined to 34 museums in 2018, down from 35 in 2017.
The company posted gross profit of EGP 292.7m and gross profit margin of 7.85% in 1Q19, up approximately 0.4 percentage points from 7.49% in 1Q18.
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the EGP 610.8m recorded during Q1 of 2018. MNHD announced on Thursday its results for Q1 ending 31 March 2019, reporting that consolidated net profits for …
Authority follows commitment of companies to licensed activity to regulate gas market: Source
Company’s share profit in portfolio companies grew due to strong performance of MNHD, Giza Systems, Ebtikar, Gourmet Egypt
Firm’s board of directors proposed cash dividend of EGP 0.65/share, equivalent to 50% of attributable profits
Ibnsina Pharma, Egypt’s fastest-growing and the second-largest pharmaceutical distributor, succeeded in increasing its net revenues by 39% year-on-year (y-o-y) to reach EGP 13.3bn, in 2018, according to the company’s audited results which were announced on Sunday. Ibnsina’s gross profit for the period grew by 36% y-o-y to reach EGP 1.1bn in 2018, yielding a gross …
Philips Lighting started to implement its new company name, Signify, in Egypt. The company will continue to use the Philips brand for its products under the existing licencing agreement with Royal Philips, and the company considers Egypt as an important regional hub to increase its exports to northern and eastern Africa in the growth plans for …
Tourism balance surplus increased to $3.2bn, up from $2bn, an increase of 60% during period from July to September in FY 2018/19 compared to same period last FY
May, August 2018 highest in revenues value, Suez Canal earned monthly profits worth EGP 8.9bn: CAPMAS
10.3% increase in Suez Canal revenues from January to October 2018, says Mamish
$700m increase in Suez Canal’s revenues by end of 2018, says chairperson of Suez Canal Authority
CI Capital Holding financial services group, achieved total revenues of EGP 1.1bn, an increase of 46% from EGP 778m in the prior year, in the first six months (H1) of the calendar year (CY) 2018, according to a press statement issued on Wednesday. According to the consolidated financial results, the group’s net operating profits reached …
Revenues register EGP 3.3bn, capital expenditure at EGP 723.5m
Vodafone customers in Egypt consumed 68,200 TB of internet
Revenues of cables unit amounted to EGP 1.1bn in Q1 2018
Al-Sisi instructs Mamish to develop, strengthen SCA’s capacity
MP Mohamed Abdo said that tourism revenues in Egypt are still small and do not equate to the industry’s potential and resources. Abdo added that the sector includes many negatives to be solved, especially the congestion at Cairo International Airport, which he said harms the sector at home and abroad. Abdo urged holding a meeting …
Qalaa Holdings announced on Tuesday a 22% year-over-year increase in revenues in fiscal year (FY) 2016/2017, to reach EGP 9.3bn, due to the favourable economic trends along with its energy subsidiaries’ strong growth. The consolidated financial results cite top-line performance achieved by TAQA Arabia and Tawazon, and increased competitiveness at ASCOM’s mining subsidiaries; FY 2016/2017 …
Telecom Egypt (TE) announced its financial results for the year 2017, according to consolidated financial statements prepared in accordance with Egyptian accounting standards. The company achieved unprecedented financial and operational performance, especially after the successful launch of its WE mobile network. The company’s total consolidated revenues for the fiscal year (FY) that ended on 31 …