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Monday, 24 October 2016

Cairo Poultry, Misr Hotels report 3Q/9M results

** EARNINGS WATCH: Among those reporting earnings yesterday:

  • Cairo Poultry’s 9M16 standalone net profits dropped by 51.3% year-on-year to EGP 80.4 mn from EGP 121.7 mn, according to an EGX statement.
  • Misr Hotels reported a drop in net loss by 46% year-on-year to EGP 2.7 mn in 1Q2016-17 compared to EGP 5.0 mn same period last year, according to a company statement on the EGX.
  • Suez Cement reported net losses before minority interest of EGP 13.1 mn in the first nine months of 2016 against net profits of EGP 49.6 mn in the same period last year, according to a regulatory filing.

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