Latest in Tag: profits Highlight
Latest in Tag: profits
EFG-Hermes’ net profits in 2015 record EGP 461m, marking 4.7% growth   Â
Policy to reduce expenses led to cutting down the investment bank’s total expenses by 3% compared to 2014
Low fuel costs boost Lufthansa profits
Germany’s flag carrier Lufthansa posted a 55-percent jump in profits for 2015, benefiting from low oil prices. The result comes despite protracted industrial action by pilots throughout last year.
Telecom Egypt posts 111.2% profit margin in 2015
TE data’s fourth quarter profit surge was due to the enforcement of the new income tax law, says telecommunications analyst
RTVC to invest EGP 4bn in its Stella Di Mare II project
Sales of the projects are estimated to amount to EGP 5bn
Acrow Misr profits doubled in 2015
The majority of these units are located in 6th of October City.
Cairo hotels to profit despite lack of tourists: Colliers
Sharm El-Sheikh and Hurghada revenues suffers losses
SODIC registers EGP 224m profits
The company delivered 425 units across eight projects during the first nine month of 2015
Talaat Mostafa Group’s net profits up by 8.9% in 9 months
Group sales reached approximately EGP 5.177bn, exceeding group’s objective of EGP 4.68bn
EFG Hermes’ net profits inch up to EGP 120m in Q3 2015
Growth was primarily driven by a strong boost in revenues that reached EGP 668m
Toyota profits surge on weak yen
The world’s top automaker was able to log higher net profits in the first half of its fiscal year even as car sales declined in most regions. A weak yen has made Toyota more competitive abroad. Toyota said Thursday its net profit had risen nearly 12 percent to 1.258 trillion yen (9.47 billion euros) in …
Suez Cement’s profits decline in 9 months
There was an 81% decline in the company’s net profits in comparison to last year
Hill International’s business volume in Egypt reaches $12bn
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 …
Barclays profits up 15% in H1 of 2015
Assets inched up 3% to total EGP 18.5bn, while expenses surged to EGP 14%
OCI reports 51% backlog growth to $7.2bn
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
MNHD’s gross profit reached EGP 102m
Company says it’s on track with its Tag Sultan project
Egyptian Resorts Co achieves $ 21.4m net profits in H1 of 2015
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 …
Egypt Gas loses EGP 48.6m in H1 of 2015
Financial statements show revenues of EGP 544.68m, compared to EGP 290.1m during the same period in 2014
Allianz profits on track, but stock sags
Europe’s biggest insurer has confirmed its full-year earnings forecast as a result of low damage claims and gains from asset sales. But investors were unimpressed, pegging the stock lower. German insurer Allianz announced Friday it would post operating profit at the top of its target range this year, with earnings predicted to reach 10.8 billion …
Toyota’s quarterly profits jump
Japanese carmaker Toyota has logged a marked rise in first-quarter profits despite slightly lower unit sales in the new fiscal year. Production cost reductions helped the company secure solid results despite recalls. Toyota Motor Corporation said Tuesday its net income for the three months to June increased by 10 percent to 587.7 billion yen ($5.2 …
Bisco Misr approves optional delisting from EGX
Approval comes after New York stock market-listed firm Kellogg recently acquired 85.93% stakes in Bisco Misr
Emirates Group records second highest profits of $1.5bn
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.
Crédit Agricole generates EGP 236.2m in Q1 2015
Figures show that there is a 60% increase in the bank’s earnings in Q1 of 2015, compared to the same period in 2014
Orascom Development Holding records $37.01m net profits in 2014
The group had accumulated losses worth $171.3m in 2013
ALEXBank registers EGP 724m in net profits
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 gains millions of dollars in profits
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.
KIMA earns EGP 23.3m revenues during 5 months
Memphis Pharmaceutical witnesses EGP 10m losses during 5 months and KIMA
Tanmeyah Company aims at EGP 30m profit by year’s end
Tanmeyah buys new equipment to offer more services to oil companies
Meet the cabinet’s economic team
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.
Government seizes Seoudi supermarkets, among other Muslim Brotherhood assets
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
UAE Etisalat profit rises as revenue and subscribers grow
Q1 profit AED 2bn vs AED 1.8bn a year ago