news

Arab Dairy's profit grows 27% in 2019
21 - Tue - Apr - 2020
Arab Dairy's profit grows 27% in 2019
The consolidated financial statements of Arab Dairy Products Co. (Panda) showed a 27.1% year-on-year (YoY) rise in its net profits during 2019.The company achieved net profits of EGP 52.52 million last year, up from EGP 41.29 million in 2018, according to a statement to the Egyptian…
Ibnsina Pharma’s shareholders approve capital raise via bonus issue
21 - Tue - Apr - 2020
Ibnsina Pharma’s shareholders approve capital raise via bonus issue
The extraordinary general meeting (EGM) of Ibnsina Pharma approved a proposal to increase the issued capital through a bonus issue, according to a bourse statement on Tuesday.Earlier in April, the company’s ordinary general meeting (OGM) agreed on a 0.17-for-one bonus issue at a total value of EGP…
Ezz Steel sees EGP 836m block trading deal
21 - Tue - Apr - 2020
Ezz Steel sees EGP 836m block trading deal
The Egyptian Exchange (EGX) announced that a transaction was executed on the shares of Ezz Steel through block trading.The deal saw the trading of 148.299 million shares at a total value of EGP 836.409 million, according to a statement on Tuesday.It is worth mentioning that during the…
El Kahera Housing swings to loss in 2019
21 - Tue - Apr - 2020
El Kahera Housing swings to loss in 2019
 El Kahera Housing announced turning to losses during 2019, the consolidated financial statements showed.  The company suffered net losses of EGP 20.78 million last year, versus net profits of EGP 426.2 million in 2018, according to a bourse statement on Tuesday.Revenues retreated to EGP 1.01 billion in…
Domty’s shareholders agree on EGP 0.20/shr dividends for 2019
21 - Tue - Apr - 2020
Domty’s shareholders agree on EGP 0.20/shr dividends for 2019
The ordinary general meeting (OGM) of Arabian Food Industries Co (Domty) approved the recommended cash dividend distribution for 2019.The company’s shareholders agreed to distribute EGP 0.20 as cash dividends at a total value of EGP 56.52 million, according to a bourse disclosure on Tuesday.It is noteworthy to…