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Recently opened factory will increase Q4 profits: managing director of MBEN

Ahmed Bahaa, managing director of MB for Engineering and Contracting (MBEN), and member of the Egyptian Exchange’s board, revealed that setting up the company’s recently opened factory in Sixth of October city is expected to lead to a hike in profits throughout the fourth quarter (Q4) of 2017. “The company’s financials in terms of revenues …

Noha Abd ElRahman

CIB profits EGP5.7bn in 9 months 

Commercial International Bank (CIB) posted a record profit of EGP 2.1bn in the third quarter (Q3) of 2017, up 23% year over year (YOY), according to the bank. Its revenues rose by 45% during Q3 of 2017 compared to the same period last year, reaching about EGP 4.2bn. During the first nine months of this …

Daily News Egypt

Raya Telecom profits jump by 311.4% over 6 months

Raya Telecommunications Services (RTA), one of the companies owned by Raya Systems, saw its profits jump by 311.4% during the first half of 2017, compared to the same period last year. The company said in a report to the Egyptian Exchange (EGX) on Monday that the company’s profits amounted to EGP 81.4m during the first …

Daily News Egypt