Pachin 9 says, month net profit jumps 93 percent
Egyptian paint maker Pachin's 9 month net profit soared 93 percent to LE 114.1 million ($20.36 million), the stock exchange said on Thursday. Net profit was LE 59.1 million a…
Quartet make Ahly debut in Gouna stalemate
CAIRO: Four youngsters featured for Ahly's senior team for the first time in Thursday's goalless draw with Gouna in the Egyptian Premier League. Ahly, who have won their 35th league…
Kabo 9-month net loss at LE 6.9 mln
Egyptian garment maker El Nasr Clothing & Textile Co. (Kabo) reported a net loss of LE 6.9 million ($1.23 million) for the nine months to end-March, the stock exchange said…
Raya Q1 net profit more than triples
Egypt's Raya Technology and Communication made a net profit of LE 11.9 million ($2.1 million) in the first quarter of 2010, more than triple the year-ago quarter, the bourse said…
GB Auto sees net profit doubling
GB Auto expects to double its profit in the second quarter of 2010 and plans to export buses to Middle Eastern and European markets by the end of 2010, executives…
Different views from Ahly, Ismaili after draw
CAIRO: Ismaili preferred to avoid facing Ahly in the CAF Champions League group stage, while the Reds seem relieved after the draw. The bitter rivals were drawn together…
OT sees capex up in S. Asia, down in Algeria
Egyptian telecoms firm Orascom Telecom on Thursday said it expects to boost capital expenditure in Bangladesh and Pakistan this year and could lower it in Algeria depending on the operating…
Oriental Weavers hit by lower demand at home
CAIRO: Egypt's Oriental Weavers, the world's largest machine-woven carpet producer, posted a 5 percent drop in first-quarter net profit on lower domestic demand. Net profit after minority interests reached LE…
Olympic Group gets Q1 domestic sales boost
CAIRO: Egyptian appliance maker Olympic Group reported first-quarter net profit growth of 74 percent on higher domestic sales, particularly in its refrigerator segment. Net profit for the quarter was LE…
Weighing wages: Higher salaries or more productivity?
CAIRO: In the current context of worker’s unrest and increased private sector concern about Egypt’s labor law, the views of economists, organizations and businessmen differ, particularly when it comes to…
