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Group sales reached approximately EGP 5.177bn, exceeding group’s objective of EGP 4.68bn
Growth was primarily driven by a strong boost in revenues that reached EGP 668m
There was an 81% decline in the company’s net profits in comparison to last year
Hill International is a project management firm that manages mega public, private, infrastructure and industrial projects in Egypt. Daily News Egypt interviewed Hill International North Africa Regional Director, Walid Abdel Fattah,to discuss their projects. What is the total business value managed by Hill International in Africa and in Egypt? Hill International manages 48 projects in …
Assets inched up 3% to total EGP 18.5bn, while expenses surged to EGP 14%
Orascom Construction Industries (OCI) reported a 51% backlog growth to $7.2bn, and its earnings before interest, taxes, depreciation, and amortisation (EBITDA) amounted to $64m in quarter two (Q2) of 2015
Company says it’s on track with its Tag Sultan project
The Egyptian Resorts Co achieved a profit in the first half (H1) of 2015, reporting net profits of EGP 167.5m ($21.4m) compared to EGP 21.3m ($2.7m) in losses in H1 of 2014. However, over the first quarter (Q1) of 2015, the company’s net profits reached EGP 3.2m, marking a 73.4% decline compared to the same …
Financial statements show revenues of EGP 544.68m, compared to EGP 290.1m during the same period in 2014
Approval comes after New York stock market-listed firm Kellogg recently acquired 85.93% stakes in Bisco Misr
The FY ending 31 March 2015 also marked the achievement of new capacity milestones at both Emirates and Dnata, as the Group continues to expand its global existence and strengthen its business through strategic investments.
Figures show that there is a 60% increase in the bank’s earnings in Q1 of 2015, compared to the same period in 2014
The group had accumulated losses worth $171.3m in 2013
ALEXBank reported a 9.5% growth in net profit in 2014, registering EGP 724m, despite 5% increase in the enacted tax rate, the bank announced last week. The bank noted that actual pre-tax profits reached EGP 1.07bn, up 16.3% compared to 2013 results. The bank’s net income increased by 12.5% year-on-year to reach EGP 2.68bn, which …
Arsenal investments in its players is considered the major means by which the club achieves profits, keeping it from falling into debts, unlike many other English League clubs.
Memphis Pharmaceutical witnesses EGP 10m losses during 5 months and KIMA
Tanmeyah buys new equipment to offer more services to oil companies
With the swearing in of the new government, Daily News Egypt reintroduces the cabinet’s returning economic team and profiles the newly appointed ministers, discussing the main agenda and challenges they will have to tackle.
Judiciary committee assessing Muslim Brotherhood funds seizes two companies and their administration pending charges faced by owners, Khairat El-Shater and Abdel Rahman Al-Seoudi
Q1 profit AED 2bn vs AED 1.8bn a year ago
Reuters – Dubai’s Emaar Properties reported a 55% rise in first-quarter net profit on Tuesday, as the region’s economic recovery brought consumers back to its malls and shopping units, and house buyers returned to the market. The builder of the world’s tallest tower, the Burj Khalifa, reported a profit of AED 863m ($234.96m) in the …
Etisalat’s 2013 full-year net profit rose to AED 7.08bn from AED 6.74bn a year earlier.
Compared to 2012, gross revenues increase by 8%, net profits down by 5%
Bank’s net profit rises to EGP 93m in Q3 2013 compared to a loss of EGP 16m in Q3 2012
Net profits reach EGP 830m
CIB tops the list as the largest bank in Egypt followed by NSGB, the fastest growing bank in the country
The Camry and Corolla maker, which last year overtook General Motors to regain the title of world’s biggest automaker, said things would get even better