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GB Auto profits jump in H1 2020, despite fall in revenues
In a statement on its consolidated financial statements sent to the Egyptian Exchange (EGX), the company said that its sales in H1 of 2020. It added that this reflects a decrease of 14.1% to EGP 9.9bn compared to the EGP 11.5bn recorded last year.
Emaar Misr reports 222% q-o-q growth, EGP 770.6m revenues in Q2 of 2020
Favourable base effect gives way to a better Q2 of 2020
Suez Canal revenues record $27.2bn in five years
Since start of pandemic, Suez Canal’s revenues have reached $3.3bn
Juhayna reports 5.9% y-o-y decline in Q2 revenues
Juhayna’s net profit in Q2 of 2020 grew 9.4% to EGP 118mn, despite capital losses of EGP 20m due to the sale of unutilised agricultural assets and reduction of agricultural land. The net profit margin increased by 0.9pps to reach 6.2%.
Qalaa Holdings records 191% y-o-y increase in revenues during Q1 of 2020
Company reports EGP 10.4bn in revenues for the first quarter of the current year
SCZone reports EGP 9.4bn in revenues from 6 seaports
Developing power stations in partnership with industrial developers costs EGP 4.4bn, says SCZone
RACC reports EGP 193.9bn in revenues for 1Q 2020
Company sees decline in financial, operational performance due to appreciation of EGP against US dollar
Vodafone Egypt reports revenues of EGP 26.4bn in FY 2019/2020
The figures for FY 2019/2020 compared to the €1.1bn reported in the FY 2018/2019, with Vodafone International’s fiscal year starting on 1 April and ending on 31 March of each year.
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
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
Suez Canal traffic unaffected by pandemic, records 2% revenues increase
Maritime traffic in Suez Canal rose 8.7% in first four months of 2020, says Canal’s Chairman
Juhayna reports EGP 1.8bn revenues, EGP114 m net profit for Q1 2020
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.
Egypt’s tourism revenues could reach $16bn in FY 2020 without COVID-19: Planning Minister
Hermes downgrades revenue estimation to $10.5-11bn, economist expects 20-30% drop
Egytrans records 11.1% y-o-y decrease in revenues
As a result, net income after tax for the year declined by 23.8% to EGP 31.9m down from EGP 41.8m in 2018. The latest figures register a net profit margin of 12.9%, compared to 15.0% in 2018.
Egypt’s 2019 tourism revenues hit $13bn, highest in history
Tourism revenues recorded $7.8bn, $2.5bn, $6.1bn in 2017, 2016, and 2015 respectively.
Egypt’s sovereign fund to start achieving revenues after five years: CEO
It came on the sidelines of a conference between the government and the private sector organised by the Egyptian Junior Business Association.
Egypt’s tourism revenues to jump $29.7bn in the next five years, with CAGR of 13%: ATM
GCC tourists average spending in 2020 to witness hike of 11%, reaching $2.36bn, Saudi Arabia will drive this growth
Suez Canal’s revenues rise by 1.3%, recording $5.8bn in 2019
SCA decided to raise crossing-fees by 5% on bulk barriers and LPG tankers, starting April
Egypt’s tourism revenues jumped by 6.7% in Q32019 YoY: CBE
To return to 2010 Egypt’s tourism revenue rates, country must diversify tourism markets, with more cooperation between Tourism and Civil Aviation Ministries
Egypt’s tourism revenues to rebound to $16.7bn by year-end: IMF
Next Article IV consultation likely to be held early 2020, says staff report
Egypt’s tourism revenues jumped by 28.2% during last FY: CBE
Experts argue security stability is key behind hike in tourism, Sultan forecast sector to achieve $15bn by FY-end
Qalaa Holding records 8% y-o-y climb in revenues to EGP 3.49bn
Qalaa Holdings is a company that works in energy, cement, agrifoods, transportation and logistics, mining, and printing and packaging.
EFG Hermes earnings reach EGP 304m on operating revenues of EGP 1.1bn
Large private company to be offered on EGX by November
Suez Canal revenues hike by 5.4% to reach $5.9bn in FY2018/19
Mamish revealed in a press conference on Tuesday evening that $25bn was invested in the Suez Canal Economic Zone (SCZone), across 192 projects that have been carried out.
Sarwa Capital`s net income hikes 24% y-o-y in 1H2019 reaching EGP183m
Upon approval of shareholders, paid-up capital will be increased from EGP 119.697m to EGP 191.515m
CI Capital records EGP 1.1bn revenues in 1H19, growing 35% y-o-y
Company achieves net profit of EGP 207.7m in this period, up 39% y-o-y
Qalaa Holdings records 13% y-o-y increase in revenues in 1Q19
The top-line expansion came on the back of robust results posted across its subsidiaries, especially at the Group’s energy platform with TAQA Arabia’s revenues up 41% y-o-y and Tawazon’s up by 59% y-o-y, according to Qalaa’s Tuesday press statement.
Egytrans’s revenues rose 43% to EGP 89m in Q1of 2019
Net profit boosted by 27% y-o-y reaching 18m
SODIC revenues grow 84% to EGP 941 in 1Q19
According to the press statement, the strong growth in revenues was driven mainly by Villette which contributed to circa 50% of the delivered value.
Egyptian museums’ revenues increase by 70.5% in 2018: CAPMAS
On the occasion of International Museums Day, CAPMAS said on Saturday that the number of Egyptian museums declined to 34 museums in 2018, down from 35 in 2017.