Latest in Tag: earnings Highlight

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Latest in Tag: earnings

Egypt face a shortage of some 900,000 tonnes of sugar, which created the crisis

Earnings and company news you should know about in the past week

North Cairo Mills profits soars 163% in FY16/17 The financial indicators of North Cairo Flour Mills showed a rise in profits by 163% year-on-year in fiscal year 2016/2017, according to a bourse filing. The company said in a statement to the Egyptian Exchange (EGX) that profits amounted to EGP 66.7 million compared to EGP 25.4 …

Daily News Egypt

Apple trumps expectations with quarterly figures

Backed by strong sales in China, Apple has released figures indicating another strong quarter. Demand for iPhone 6s and 6s Plus models is likely to bring another holiday season with many new smartphones in stockings. On Tuesday, Apple reported a strong quarter of earnings which was spurred in part by demand for its products in …

Deutsche Welle

BMW earnings hit by weak Chinese market

German luxury carmaker BMW has seen its profit drop in the second quarter as demand in the world’s largest auto market, China, slumped markedly. But the company said it relied on a speedy rebound there. Earnings before interest and tax dropped by 3 percent in the second quarter year-on-year, BMW Group reported Tuesday. The company’s …

Deutsche Welle

Twitter surprises investors with strong earnings

Despite the problems facing the social media giant, Twitter has posted an unexpected jump in quarterly revenue. The company is still struggling to attract more users and is looking for a permanent CEO. San Francisco-based Twitter Inc. posted a revenue of $502 million (454.7 million euros) in the second quarter, an increase of 61 percent …

Deutsche Welle

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