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Tuesday, 24 May 2016

Earnings roundup 1Q2016

A flurry of earnings hit the market yesterday as the first-quarter disclosure season winds down:

  • Madinet Nasr for Housing and Development recorded a net profit of EGP 68.6 mn in 1Q2016, from EGP 36.2 mn a year earlier. 1Q2016 revenues more than doubled to EGP 237 mn on a consolidated basis.
  • Amer Group Holding reported a consolidated net profit of EGP 68.0 mn in 1Q2016, up 36% y-o-y compared to the same quarter last year. Revenues in 1Q2016 were up 18% y-o-y to EGP 544.0 mn.
  • Porto Group reported a net profit of EGP 28 mn in 1Q2016 on revenues of EGP 191 mn.
  • Lecico reported a consolidated net loss of EGP 41.3 mn in 1Q2016 compared to a net profit of EGP 2.2 mn last year. Revenues hit EGP 319.0 mn, down 3% y-o-y.
  • Delta Sugar reported a net loss of EGP 11.5 mn in 1Q2016.

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