• Tuesday, 8 March 2022

    Earnings watch: Emaar Misr

    EARNINGS WATCH-Emaar Misr’s bottom line rose around 118% y-o-y to EGP 4.12 bn in 2021, according to the company’s financials (pdf). Revenues increased 137% y-o-y, reaching EGP 11.08 bn. MARKET ROUNDUP-The EGX30 fell 2.8% at today’s close on turnover of...
  • Monday, 7 March 2022

    Earnings watch: TMG Holding, Aspire Capital

    EARNINGS WATCH- TMG Holding’s bottom line rose 8% y-o-y in 2021 to EGP 1.78 bn, the company said in its financials (pdf). Revenues rose 9% y-o-y in 2021 to EGP 15.35 bn. Aspire Capital's bottom line decreased around 43% y-o-y...
  • Sunday, 6 March 2022

    Beltone’s net losses widen in 2021

    EARNINGS WATCH-Beltone Financial’s net losses widened to EGP 169.76 mn in 2021, from EGP 132.4 mn the previous year, according to the firm’s financial statement (pdf). Revenues rose 27.1% y-o-y in 2021, recording EGP 351.7 mn. MARKET ROUNDUP- The EGX30...
  • Thursday, 3 March 2022

    Earnings watch: Telecom Egypt, Ezz Steel

    EARNINGS WATCH- Telecom Egypt recorded a net income of EGP 8.4 bn in FY2021, up 75% y-o-y, according to the company’s financials (pdf) out today. Revenues also rose 16% y-o-y to EGP 37.1 bn in FY2021.Ezz Steel’s bottom line turned...
  • Wednesday, 2 March 2022

    Earnings watch: Amer Group

    EARNINGS WATCH- Amer Group’s bottomline rose 226% y-o-y in 2021 to EGP 83.2 mn, according to the company’s financials (pdf). Revenues increased 29% y-o-y to EGP 1.8 bn in 2021.MARKET ROUNDUP- The EGX30 fell 0.8% at today’s close on turnover...
  • Sunday, 27 February 2022

    Market roundup on 27 February 2022

    The EGX30 rose 2.6% at today’s close on turnover of EGP 541 mn (46.7% below the 90-day average). Foreign investors were net sellers. The index is down 6.5% YTD.In the green: Cleopatra Hospital (+10.2%), GB Auto (+7.3%) and Qalaa Holding...
  • Thursday, 24 February 2022

    Market roundup on 24 February

    The EGX30 fell 3.6% at today’s close on turnover of EGP 1.1 bn (7.8% above the 90-day average). Foreign investors were net sellers. The index is down 8.9% YTD.In the green: Mopco (+1.0%) and Abu Qir Fertilizers (+0.1%).In the red:...
  • Thursday, 17 February 2022

    Al Baraka Bank reports EGP 1.25 bn in net income in 2021

    EARNINGS WATCH- Al Baraka Bank reported EGP 1.25 bn in net income in 2021, down 10% y-o-y, according to the bank’s financial statement (pdf). Al Baraka’s net interest income came in at EGP 2.76 bn, up 12% y-o-y.MARKET ROUNDUP-The EGX30...
  • Wednesday, 16 February 2022

    Speed Medical’s net income rose 71.4% y-o-y in 2021 + Egytrans to undergo company restructuring

    EARNINGS WATCH- Speed Medical’s net income rose 71.4% y-o-y in 2021, to record EGP 136.10 mn, according to the company's financial statement (pdf). The company’s revenues rose 110% y-o-y to EGP 365.2 mn.MARKET NEWS- Egytrans is planning on spinning off...

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