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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.
Ibnsina Pharma achieves EGP 3.7bn net revenues in 1Q19
The company posted gross profit of EGP 292.7m and gross profit margin of 7.85% in 1Q19, up approximately 0.4 percentage points from 7.49% in 1Q18.
MNHD records EGP 634.2m in consolidated revenues in Q1
Madinet Nasr Housing and Development (MNHD), an urban developer in Egypt, recorded consolidated revenues of EGP 634.2m in the first quarter (Q1) of 2019, up 3.8% year-over-year (y-o-y) from the EGP 610.8m recorded during Q1 of 2018. MNHD announced on Thursday its results for Q1 ending 31 March 2019, reporting that consolidated net profits for …
Gas Market Regulatory Authority shall transfer 25% of its revenues to the Ministry of Finance
Authority follows commitment of companies to licensed activity to regulate gas market: Source
B investments’ net revenues increase by 42% in 2018
Company’s share profit in portfolio companies grew due to strong performance of MNHD, Giza Systems, Ebtikar, Gourmet Egypt
EFG Hermes reports EGP 1bn profits, EGP 4.3bn revenues in FY 2018
Firm’s board of directors proposed cash dividend of EGP 0.65/share, equivalent to 50% of attributable profits
Ibnsina Pharma’s net revenues increase 39% y-o-y to EGP 13.3bn in 2018
Ibnsina Pharma, Egypt’s fastest-growing and the second-largest pharmaceutical distributor, succeeded in increasing its net revenues by 39% year-on-year (y-o-y) to reach EGP 13.3bn, in 2018, according to the company’s audited results which were announced on Sunday. Ibnsina’s gross profit for the period grew by 36% y-o-y to reach EGP 1.1bn in 2018, yielding a gross …
Philips implements its new company name in Egypt, targeting EPG 1bn revenues in 2019
Philips Lighting started to implement its new company name, Signify, in Egypt. The company will continue to use the Philips brand for its products under the existing licencing agreement with Royal Philips, and the company considers Egypt as an important regional hub to increase its exports to northern and eastern Africa in the growth plans for …
Egypt’s revenues from tourism rose by 45.5% during first 3 months of current FY
Tourism balance surplus increased to $3.2bn, up from $2bn, an increase of 60% during period from July to September in FY 2018/19 compared to same period last FY
Suez Canal revenues hit $506.1m in October
May, August 2018 highest in revenues value, Suez Canal earned monthly profits worth EGP 8.9bn: CAPMAS
Suez Canal revenues hit $4.8bn in 10 months
10.3% increase in Suez Canal revenues from January to October 2018, says Mamish
Suez Canal revenues to double before 2023: Mamish
$700m increase in Suez Canal’s revenues by end of 2018, says chairperson of Suez Canal Authority
CI Capital revenues grow by 46% y-o-y to record EGP 1.1bn in H1 calendar year 2018
CI Capital Holding financial services group, achieved total revenues of EGP 1.1bn, an increase of 46% from EGP 778m in the prior year, in the first six months (H1) of the calendar year (CY) 2018, according to a press statement issued on Wednesday. According to the consolidated financial results, the group’s net operating profits reached …
Etisalat Egypt revenues up 18% in Q2 2018
Revenues register EGP 3.3bn, capital expenditure at EGP 723.5m
Vodafone Egypt revenues reached EGP 5.3bn in Q2 2018
Vodafone customers in Egypt consumed 68,200 TB of internet
International carriers are second largest source of Telecom Egypt revenues
Revenues of cables unit amounted to EGP 1.1bn in Q1 2018
Suez Canal revenues record 13.4% increase in 5M 2018
Al-Sisi instructs Mamish to develop, strengthen SCA’s capacity
Egypt’s tourism revenues do not match existing resources: MP
MP Mohamed Abdo said that tourism revenues in Egypt are still small and do not equate to the industry’s potential and resources. Abdo added that the sector includes many negatives to be solved, especially the congestion at Cairo International Airport, which he said harms the sector at home and abroad. Abdo urged holding a meeting …
Qalaa revenues increase 22% y-o-y in FY 2016/17 to reach EGP 9.3bn
Qalaa Holdings announced on Tuesday a 22% year-over-year increase in revenues in fiscal year (FY) 2016/2017, to reach EGP 9.3bn, due to the favourable economic trends along with its energy subsidiaries’ strong growth. The consolidated financial results cite top-line performance achieved by TAQA Arabia and Tawazon, and increased competitiveness at ASCOM’s mining subsidiaries; FY 2016/2017 …
Telecom Egypt total revenues increased 33%
Telecom Egypt (TE) announced its financial results for the year 2017, according to consolidated financial statements prepared in accordance with Egyptian accounting standards. The company achieved unprecedented financial and operational performance, especially after the successful launch of its WE mobile network. The company’s total consolidated revenues for the fiscal year (FY) that ended on 31 …