news

Obour Land’s profit grows 28% in Q1-20
21 - Tue - Apr - 2020
Obour Land’s profit grows 28% in Q1-20
Obour Land for Food Industries reported a 28.3% year-on-year (YoY) rise in its net profits during the first quarter of 2020, the company’s consolidated financial statements showed.The company’s net profits reached EGP 68.05 million in the January-March period of 2020, compared to EGP 53 million in…
Cairo Investment’s profit jumps 51% in 6M initial results
21 - Tue - Apr - 2020
Cairo Investment’s profit jumps 51% in 6M initial results
The unaudited consolidated financial results of Cairo for Investment and Real Estate Development showed a 50.7% year-on-year (YoY) surge in its net profits during the first half of the fiscal year ending on 31 August.The company’s net profits hiked to EGP 223.7 million from September 2019 to…
Elsewedy’s unit inks AED 124.5m transmission line contract with DEWA
21 - Tue - Apr - 2020
Elsewedy’s unit inks AED 124.5m transmission line contract with DEWA
Elsewedy Electric Co announced that its subsidiary signed a new agreement worth AED 124.5 million ($34 million) with Dubai Electricity and Water Authority (DEWA).After competing with 11 companies, Elsewedy Power Electrical Contracting LLC – Dubai was awarded a contract for the supply, installation, testing, and commissioning…
Alexandria Container’s profit slips 23% in 9M initial results
21 - Tue - Apr - 2020
Alexandria Container’s profit slips 23% in 9M initial results
The unaudited financial results of Alexandria Container and Cargo Handling Co showed a 22.9% year-on-year (YoY) decline in its net profits during the first nine months of the fiscal year 2019/2020.The company’s net profits fell to EGP 1.04 billion in the nine-month period ended 31 March, compared…
Faisal Islamic Bank’s Q1-20 initial standalone results show 55% profit drop
21 - Tue - Apr - 2020
Faisal Islamic Bank’s Q1-20 initial standalone results show 55% profit drop
The standalone financial indicators of Faisal Islamic Bank of Egypt showed a 55% year-on-year (YoY) decline in its net profits during the first quarter of 2020.The bank’s net profits dwindled to EGP 469 million in the January-March period of 2020, compared to EGP 1.04 billion in the…