Misr Cement Qena plans dividend of LE 5
CAIRO: The board of Egypt's Misr Cement Qena plans to pay a dividend of LE 5 ($0.8) per share from first-half profit, the firm said in a note to the…
EIPICO posts 1.8 pct increase in H1 profit
CAIRO: Egyptian drug maker EIPICO's 2011 first-half net profit rose 1.8 percent year-on-year to LE 182 million ($30.5 million), the stock exchange said. Net profit for the same period in…
Raya says H1 profit falls 39 percent
CAIRO: Egypt's Raya Technology and Communication posted a 39 percent drop in first-half 2011 net profit to LE 12.4 million ($2.1 million), it said in a statement emailed on Sunday.…
Nasr City Housing H1 profit falls 50 percent
CAIRO: Egyptian developer Nasr City Housing suffered a 50 percent decline in first-half net profit, the company said in a note to the stock exchange on Monday. The formerly state-run…
Olympic swings to first-half loss
CAIRO: Egyptian appliance maker Olympic Group posted a first-half net loss of LE 39.1 million ($6.6 million), the firm said in a statement on Monday. Olympic, which said it was…
Info2cell launches TV guide website in MENA
CAIRO: Info2cell.com, a mobile service application provider in the Middle East, launched 3ala TV (www.3alatv.com), an interactive TV guide website where users can find selected TV channel schedules and information…
Lecico sees ‘worst’ year after Q2 net fall
CAIRO: Egyptian ceramics firm Lecico warned 2011 may be its "worst" year yet after second-quarter net profit plunged 80 percent due to weaker demand in European export markets following political…
Post-revolution downturn takes toll on Telecom Egypt
CAIRO: Land-line monopoly Telecom Egypt posted a 15 percent drop in second-quarter net profit, blaming a depressed economic climate after president Hosni Mubarak was ousted in February. Telecom Egypt reported…
Egypt sees apparent surge in May imports
CAIRO: While the total value of Egypt’s imports shot up by LE 34.08 billion, roughly $5.72 billion, in May alone, experts point out that a “synthetic” increase shouldn’t be taken…
ASEC signs contracts for three cement plants
CAIRO: ASEC Engineering, a portfolio company of ASEC Holding, signed three five-year renewable contracts to provide technical management services for cement plants in Qena, Beni Suef and Assuit, according to…