Juhayna intends to add ‘high-margin’ product segments in medium-term
Company to discontinue unprofitable production line, does not see need to impose price hikes in near future
Alyaa Stohy
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Latest by Alyaa Stohy
Abu Qir Fertilizers suffers fall-out due to COVID-19-related restrictions
Pandemic negatively affects market demand, domestic prices levels, leading to decrease in sales revenues
HCHD new board develops medium, long-term development strategy
Securitisation within scenarios company is considering to obtain financing, says El Damaty
EGX moves upward for 3rd consecutive session supported by local purchases
EGX30 up 1%, market capitalisation gains EGP 5.9bn on Monday
Eastern Company looks set to overcome pandemic with stable sales
Expected y-o-y improvement driven by increase in sales, average ex-factory prices
Domty reports 11% y-o-y rise in net profits in 1Q 2020
Company’s current goal is to successfully introduce bread product range, says Eldamaty
FBG keeps brokerage ranking YTD with EGP 36.2bn trading value
The Commercial International Brokerage Company (CIBC) came second with a EGP 17.7bn trading, representing a 9.7% market share. Hermes Securities Brokerage came third with a EGP 15.9bn trading value, and an 8.7% market share.
Arafa Holding reports profit jump of $15.2m end January
Ongoing global pandemic threatens to negatively impact company’s results in FY 2020, says Arafa
MNHD 1Q net profit up 15% to EGP 378m following solid top-line growth
Presales driven by strong demand for residential units in SARAI, and sale of residential plot in Taj City
Covid-19 negatively affects Kima’s development, expansion plans
Market researchers suggest urea plants could go offline in bid to reduce supply glut
No need for private hospitals to start treating Covid-19 cases: Cleopatra Hospitals
Fall-off in reported cases expected at same time as government begins reopening phase plans
El Sewedey Electric signs new EPC contract worth EGP 475m
The contract, worth EGP 475m on a turnkey basis, will be implemented over an eight month period to build a network covering 50,000 acres in east Oweinat.
HHD to announce new board on Wednesday
New board may take 30 days on final development plan to start in July, says Aboul Atta
Alexandria Container and Cargo Handling to implement package to overcome COVID-19
Pharos Research findings show company’s performance hindered by macroeconomic effects
Rameda reports 22% top line, 196% net income growth in Q1 2020
Company faced COVID-19 crisis through targeted policies ensuring it continuously provides patients with medication.
Lecico Egypt expects more closures of commercial activities
In a disclosure to the Egyptian Exchange (EGX) on Thursday, the company said that its performance during the first quarter (Q1) of 2020 witnessed major disturbances. The company attributed these to the negative economic and market repercussions of the ongoing coronavirus (COVID-19) pandemic.
Edita to proceed with soft entry into biscuits segment post Ramadan
Company will take advantage of expected easing of lockdown measures to pull up revenues
NBE, EG Bank, AIB arrange syndicated EGP 650m loan to Misr Italia properties
Joint loan’s arrangement reflects participating banks’ support for real estate sector
El Sewedy Electric reports EPG 8.1bn revenues in Q1 2020, 2.6% decrease in net profits
Company faced challenges that negatively affected performance due to coronavirus, says El Sewedy
Bad timing for increasing stamp duty on EGX transactions amid low trading: Sigma Capital
The Parliament’s planning and budget committee raised on Wednesday the stamp duty on stock market dealings as part of a draft law submitted by the government and scheduled for discussion in a plenary session next Sunday.
EGX declines 1.8% following parliamentary discussions on stamp tax rise
Blue-chip index, the EGX 30, closed at the end of Wednesday’s session at 10,396 points, while the EGX70 EWI index decreased by 2.18%
Edita reports revenues of EGP 83m in Q1 of 2020
Company’s factory in Morocco will be inaugurated by year end, says Shams El Din
EGX closes at highest level of 10,500 points buoyed by local purchases
EGX30 tests 10,800-11,000 points level in remaining sessions of Ramadan, says Lotfy
Ora Developers, Orascom, Banque Misr partner on ZED Sheikh Zayed construction
Construction to be completed in three years, first phase units to be delivered by 2023
MCDR to hold chairmanship election within 2 months
Deputy Chairperson Abdel Bary assumes office of acting chairperson until election
Cabinet decision reducing bond trading costs activates bond market
Costs have been main hindrance to an active market
CHG, Elbalto partner for patient video consultations
The feature gives patients direct access to CHG’s top class physicians, while promoting social distancing and limiting the risks of exposure for the group’s patients and staff.
MNHD, NBE, Banque Misr, AAIB sign loan contract worth EGP 2.1bn
Company aims for EGP 3bn in revenues in 2020, says Al-Hatimi
PHC submits non-cash tender offers for 5 key listed subsidiaries
Share swap acquisition is first of its kind in Egypt, region
UK’s CDC to seal $100m local health sector acquisition
Deal is first fund is implanting directly in Egyptian market