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Thursday, 11 August 2016

2Q2016 earnings roundup: TMG, NBK, SAIB

** Earnings watch: Among the companies reporting earnings yesterday:

  • Gold miner Centamin upped its production guidance for 2016, claiming its 2Q2016 core profit has doubled, Reuters reported. The company is expecting to produce between 520k – 540k ounces of gold this year, up from 470k ounces last year.
  • NBK Egypt said net profit rose to EGP 407 mn in 1H16 from c EGP 284 mn in the same period last year, according to an EGX statement.
  • SAIB reported a bottom line of USD 31 mn, up from USD 20 mn recorded in 1H15, according to a bourse statement.
  • Talaat Moustafa Group’s 1H16 net profit rose to EGP 434 mn in 1H2016 from EGP 394 mn on revenues of EGP 2.9 bn, the company said in a regulatory filing..

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