• Tuesday, 24 December 2019

    Edita launches Todo Max

    Edita Food Industries launched its new product “Todo Max” with a retail price of EGP 2 per pack, according to a press release from the company (pdf). Edita’s cakes business line is the biggest contributor to its total revenue, amounting...
  • Monday, 9 December 2019

    Egyptian logistics app Winch eyes USD 1 mn investment for expansion

    STARTUP WATCH- Winch eyes USD 1 mn finance for expansion: Cairo-based logistics app Winch is looking to secure USD 1 mn in financing in the coming months to support its expansion plans, CEO and co-founder Ayman Ismail said, according to...
  • Wednesday, 4 December 2019

    Earnings Watch: Bank Audi Egypt, Suez Cement

    Suez Cement posted net losses of EGP 495.9 mn in 9M2019, compared with an EGP 335.4 mn profit made in the same period last year, according to the company’s quarterly consolidated earnings statement (pdf). Revenues slipped to EGP 4.9 bn...
  • Monday, 2 December 2019

    Earnings watch: Orascom Investment reports EGP 61.2 mn profit in 3Q2019

    EARNINGS WATCH- Orascom Investment reports EGP 61.2 mn profit in 3Q2019: Orascom Investment Holding (OIH) posted a EGP 61.2 mn net profit in 3Q2019, down from EGP 1.21 bn a year earlier, according to the company’s financial statement (pdf). Revenue...
  • Sunday, 1 December 2019

    Orange Egypt to return to profitability this year -CEO

    Orange Egypt will turn a profit in 2019 for the first time in several years as it increases revenue from data services, CEO Yasser Shaker said, according to Al Shorouk. Yasser declined to provide an exact figure for the company’s...
  • Monday, 18 November 2019

    Eastern Company reports profits of EGP 1 bn in 3Q2019

    EARNINGS WATCH- Egypt Kuwait Holding 3Q profit up 15% y-o-y: Egypt Kuwait Holding (EKH) a net profit of USD 38.2 mn in 3Q2019, up 15% from USD 33.6 mn a year earlier, according to a company earnings release (pdf). Revenues...
  • Wednesday, 13 November 2019

    Earnings watch: EFG Hermes, Suez Cement, Tourah Cement, Raya Contact Center, AT Lease

    EARNINGS WATCH- EFG Hermes’s net profit after tax and minority interest rose 34% to EGP 358 mn in 3Q2019, compared to EGP 279 mn in 3Q2018, according to the company’s earnings release (pdf). Revenues grew 25% to reach EGP 1.2...
  • Thursday, 7 November 2019

    MM Group net profits double in the first 9 months of 2019 to EGP 357 mn

    EARNINGS WATCH- MM Group reported a 52.9% y-o-y increase in 9M2019 consolidated net profits to EGP 357 mn, up from EGP 234 mn in the same period last year, the company said in a bourse disclosure (pdf). The company’s consolidated...
  • Tuesday, 5 November 2019

    Earnings watch: CIB, Ibnsina, CI Capital, Abu Qir, MNHD report results

    EARNINGS WATCH- CIB net profits rise 23% in 3Q: CIB posted consolidated quarterly profits of EGP 3.18 bn in the third quarter, up 23% from EGP 2.59 bn in the same period last year, according to a company press release...

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