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Wednesday, 18 November 2020

Earnings watch: ADIB, Al Ahly, Misr Cement Qena

EARNINGS WATCH- Abu Dhabi Islamic Bank recorded net profits of EGP 884.3 mn in 9M2020, down 12.6% y-o-y from EGP 967 mn, according to an EGX filing.

Al Ahly for Development and Investment’s consolidated net profit fell to EGP 1.15 mn in 9M2020, down from EGP 11.26 mn in the same period last year, the company said in an EGX filing.

Misr Cement Qena’s consolidated net profits rose 32% to EGP 39.2 mn in 3Q2020, up from EGP 29.7 mn in the same period last year, the company said in a statement (pdf).

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