news

Hadisolb’s sales dip 43% in H1-19/20
16 - Sun - Feb - 2020
Hadisolb’s sales dip 43% in H1-19/20
The board of directors of the Egyptian Iron and Steel (Hadisolb) announced that the company’s sales fell by 43.4% year-on-year during the first half of fiscal year 2019/2020.Total sales plunged to EGP 362.77 million during the six-month period ended 31 December 2019, compared to EGP 640.89 million…
Bosta secures DPDgroup’s 1st investment in Egypt
16 - Sun - Feb - 2020
Bosta secures DPDgroup’s 1st investment in Egypt
The Egyptian on-demand delivery startup Bosta has raised a multi-million funding in a Series A round of investment from Europe’s second largest parcel delivery network DPDgroup and the Egyptian e-payment platform Fawry.This is the first investment of DPDgroup in the Egyptian market, according to a statement…
Naeem Holding moves to losses in 2019 initial results
16 - Sun - Feb - 2020
Naeem Holding moves to losses in 2019 initial results
The preliminary financial results of Naeem Holding for Investment, listed on the Egyptian Exchange (EGX) and the Dubai Financial Market (DFM), announced turning to losses during 2019.The dual-listed firm incurred net losses of $3.696 million last year, against net profits of $294,425 in 2018, according to…
Speed Medical’s profit up 34% in 2019
16 - Sun - Feb - 2020
Speed Medical’s profit up 34% in 2019
The consolidated financial statements of Speed Medical Company showed a 34% year-on-year profit growth during 2019.The company’s net profits increased to EGP 17.09 million during the 12-month period ended 31 December 2019, compared to EGP 12.7 million a year earlier, including minority shareholders’ rights, according to a…
Pyramisa Hotels and Resorts’ profit falls 30% in 2019; dividends proposed
16 - Sun - Feb - 2020
Pyramisa Hotels and Resorts’ profit falls 30% in 2019; dividends proposed
Pyramisa Hotels and Resorts reported a 29.77% year-on-year profit decline during 2019, the company’s consolidated financial statements showed. The company’s net profits shrank to EGP 37.49 million last year from EGP 53.38 million in 2018, including minority shareholders’ rights, according to a bourse statement on Sunday.Meanwhile, the cost…