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Sunday, 16 February 2020

CI Capital reports 46% increase in net profits

EARNINGS WATCH- CI Capital reports 46% increase in profits: CI Capital net profits increased 46% in fiscal 2019 to EGP 621.1 mn from EGP 425.3 mn the year before, according to an EGX filing (pdf). The company’s revenues also increased during the last year to EGP 2.5 bn from EGP 1.7 bn in 2018, rising by 47%.

Eastern Company reported a 9.25% increase in net profit in 2H2019, rising to EGP 2.2 bn from EGP 2 bn in 2018, according to a regulatory filing (pdf). Revenues in the same period increased by 7.5% to reach EGP 7.69 bn against EGP 7.15 bn last year. Eastern company’s fiscal year begins in July each year.

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