Pharos Research findings show company’s performance hindered by macroeconomic effects
Latest by Alyaa Stohy
Company faced COVID-19 crisis through targeted policies ensuring it continuously provides patients with medication.
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.
Company will take advantage of expected easing of lockdown measures to pull up revenues
Joint loan’s arrangement reflects participating banks’ support for real estate sector
Company faced challenges that negatively affected performance due to coronavirus, says El Sewedy
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.
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%
Company’s factory in Morocco will be inaugurated by year end, says Shams El Din
EGX30 tests 10,800-11,000 points level in remaining sessions of Ramadan, says Lotfy
Construction to be completed in three years, first phase units to be delivered by 2023
Deputy Chairperson Abdel Bary assumes office of acting chairperson until election
Costs have been main hindrance to an active market
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.
Company aims for EGP 3bn in revenues in 2020, says Al-Hatimi
Share swap acquisition is first of its kind in Egypt, region
Deal is first fund is implanting directly in Egyptian market
Informal sector reported strong performance in Q1 of full year 2020
Absence of tourism sector, restaurant, café sales will be offset by increased household consumption
Insurance premiums increase by 19.3% to reach EGP 35.2bn in same year
Final contracts are ready but Covid-19 pandemic postpones signature
Company’s March market share declines to 17.2%, passenger car sales rose 16.5% y-o-y, but decline 10.4%
Brokerage company accounted for 17.9% of total market transactions for April
Launch of project is good news for Abu Qir Fertilizers
Naeem’s estimates do not take into account Kima’s new factory commencement in March
The significant growth has been attributed to customers hoarding due to the ongoing coronavirus (COVID-19) pandemic.
The company said in a statement on Tuesday that the sale process has not been completed yet, and accordingly, the final value of the deal has not been determined.
Company hit by general low demand, high production costs due to the economic fall out from the virus
Company targets net profit of EGP 77m in FY 2020/21
New board follows resignation of all previous members earlier in April