The highest contributors to the top line were the dairy and yoghurt segments, representing 55% and 20% of revenues in Q1 2020, respectively. Sales of dairy products reached EGP 980m, yoghurt sales accounted for EGP 361m, and juice sales accounted for EGP 316m.
Latest by Alyaa Stohy
HC Securities adopts cost reduction policy, focuses on online transactions
Consolidated revenues exceeds EGP 9bn, 38.09% growth in net profits after minorities
These decisions regulate the procedures reconciling the situation to the bodies that engaged in the activity before the implementation of the new consumer finance regulatory law
The acquisition saw Technolease purchase 5.94m of Mohandes shares at a total value of EGP 104.555m.
Ezz Steel completed a EGP 836m transaction after selling 27% stake in what can be called a corporate restructuring, sources close to the matter told Daily New Egypt.
Amendments to executive regulations allow for greater funding opportunities for SMEs, says Omran
Company’s ceramic, porcelain factories remain operational
We are proceeding with going public but timing relies on market recovery, says Nassar
Closing shops early reduces company’s targeted growth rates, says Antaki
The company confirmed with the Ministry of Health that two workers at its Borg El-Arab factory in Alexandria, which produces 35% of the group’s sanitary wares products, had tested positive for Covid-19.
The company will cover all expenses related to the patients’ stay, including medical teams and supporting staff, alongside those of the hotel’s employees and maintenance workers.
Sources familiar with the acquisition told Daily News Egypt that it is highly likely that it will be completed next month. The company intends to submit its offer for Financial Regulatory Authority (FRA) review next week, with the transaction completed ten days following this, or by mid-May at the latest.
Paytabs Egypt will enable consumers and merchants to make one step purchases and, says Hassouna
several companies want to issue sukuk in 2020, including real estate investment, services, agricultural reclamation
Current headline inflation rate stands at 5.3%, core inflation at 1.9%
FRA earlier approves first Sukuk offering worth EGP 2bn
FRA’s support to Takaful insurance activity has encouraged global entities to enter Egyptian insurance market
Company freezes all planned capital expenditures for 2020
Benchmark index to target 11,000 points on medium-term, says pundit
Company in process of forming new board as soon as possible, says HCCD chairperson
Tarek Abdel Bari, Managing Director of Misr for Central Clearing, Depository, and Registry, revealed that the volume of the short-selling transactions is so low to the extent that it is almost nonexistent. He added that there were just a handful of transactions valued at only EGP 100,000.
Market expected to test support levels between 8500-9000 points, says MEDAF
Capital adequacy ratios may come under pressure if COVID-19 persists
The new application also enables users to stay up-to-date with new EGX offerings, and receive notifications.
The continued freeze follows on from the MPC’s slashing of policy rates by 300bps at an emergency meeting on 16 March.
20.11% decrease in total market capitalisation to EGP 532.9bn in March
According to IQVIA, a world leader in advanced data analytics covering pharmaceutical sales data in the Egyptian private market, the molecule has recorded revenues of EGP 71.3 million in 2019. These figures are based on the product’s retail price.
EGP 4bn targeted portfolio by end of 2022: Rashad
Mortgage finance, financial leasing, and factoring companies have postponed credit dues for their clients for a period of six months. Clients in these sectors have also been exempted from delaying fines.