Latest in Tag: Revenue Highlight
Latest in Tag: Revenue
Select International targets EGP 330m investments, revenue growth of 20% in 2022
Select International works in several sectors, most notably the technological infrastructure, water desalination, and canal lining, which represent 70% of the company’s business volume, in addition to investing and financing emerging companies.
GB Auto reports resilient revenue performance, strongest bottom-line to date
Past year has tested resilience of GB Auto’s business model, strength of its market position, says CEO Raouf Ghabbour
Telecom Egypt records 18% revenue growth in 9M 2020
TE recorded about EGP 22.3bn in revenues in 9M of 2020, a growth of 18% compared to the same period last year. This growth was supported by the increase in retail business, mainly from data services, amounting to 31% compared to the same period of the previous year.
ODE records 38.8% revenue growth in FY19
Company achieves EGP 6.9bn net sales
Vodafone Egypt revenue increase by €116m in six months
The revenues of Vodafone Egypt in the second quarter (Q2) increased by €43m, to record €356m, compared to €313m in Q1 FY 2019-2020.
Qalaa Holdings achieves revenue growth of 25% y-o-y in 2018
On a quarterly basis, the company’s revenues grew by 34% y-o-y, reaching EGP 3.8bn during the fourth quarter (Q4) of 2018.
121% growth in tobacco tax revenue over last five years
Cigarette companies demand expansion of tax segments, but government ignores it
Wadi Degla City targets EGP 100m rent revenue from The District project
Company plans to expand project through launching two new branches near Wadi Degla clubs in Alexandria, New Cairo
Vodafone Egypt revenue EGP4.8bn in Q3
29,000 new Vodafone ADSL customers
Egypt Suez Canal revenue tick up in July to USD 447.1 million
Egypt’s Suez Canal revenues rose to $ 447.1 million in July from $427.2 million in June, the government said on Tuesday. The canal is the fastest shipping route between Europe and Asia and one of the government’s main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising hit …
Oriental Weavers invests EGP 100m to expand production capacity in H2 of 2016
The company Oriental Weavers plans to inject EGP 100m in investments during the second half of 2016 to expand its production capacity. The company aims to add seven new looms after its merger with Rozatks Modern Spinning and Weaving Company, bringing the total capital expenditures to $14.5m and the production capacity to 4.2m sqm. Mohamed …
Etisalat Egypt profits increase to EGP 540m, despite revenue drop
10.7% drop in company’s revenues
Amer Group, Porto Group witness an increase in revenue
Porto Group achieves consolidated revenue of EGP 191m, while AMER Group achieves revenue of EGP 544m in Q1 2016
Vodafone Egypt reports 7.3% revenue growth in 2015’s third quarter
7.3% increase in company revenues in Egypt
Tapping into new revenue streams
Regional giant Dana Gas will commit millions to E&P in the next three years
Intel revenue declines to $55.4bn in 2015
The results added that Intel’s Internet of Things Group recorded a revenue of $2.3bn, marking a 7% increase compared to 2014. In addition, Software and service operating segments registered a revenue of $ 2.2bn, down by 2% from 2014.
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
Jewellery stamping authority gain EGP 27m in revenues: Supply Ministry
Transfer of authority to a public economic entity has yet to be made, although it was announced by Minister of Supply last December
Tourism investors face obstacles in Egypt
Banks prefer to loan government over investors, says Egyptian Tourism Federation Chairman
45% decrease in non-tax revenues during 8 months
Total income tax revenues decreased to 28% during the period from July to February in the current FY
New airport fuel station planned for Cairo International Airport
In a bid to improve services at Egyptian airports, new development projects and partnerships are set to balance shortfall in reduced tourism
Tax Authority expects to collect EGP 20bn following resolution of tax disputes
Approximately 20,000 cases of tax disputes have been awaiting court verdicts since 2003, with taxes valued at EGP 40bn
Facebook to test video ads, opening new revenue source
Facebook will run video ads for Divergent on Thursday in a one-day test.
Discrepancy between tax revenue and cash in CBE is normal: Tax Authority
Tax Authority announced that it has collected EGP 80.3bn, while the tax revenue in the CBE is EGP 49.81bn.
Twitter set to make a splash on Wall Street
The company will trade under the “TWTR” symbol on the New York Stock Exchange, breaking from the Nasdaq market used by a large number of tech companies.
Egypt’s Business Directory names the top five local banks
CIB tops the list as the largest bank in Egypt followed by NSGB, the fastest growing bank in the country
Decrease in revenues since 25 January pushes the Ministry of Antiquities to think outside the box: Mohamed Ibrahim
Ibrahim said that the Ministry’s revenues decreased by 35% from EGP 1.273bn during the 2009-2010 fiscal year to EGP 772m during the 2010-2011 fiscal year.
November exports revenues total EGP 9.8 billion
Last month’s exports see a 6 per cent bump compared to November 2011
Real estate tax expected to raise EGP three billion
Half of real estate tax revenues will be directed to bridging the budget defici
CAPMAS: Tourism up by 8.3 percent
The Central Agency for Public Mobilisation and Statistics (CAPMAS) released yesterday the latest figures on tourism during July showing an 8.3 percent increase in the number of tourists from around the globe from the same month last year. According to the latest CAPMAS tourism figures, up to one million tourists visited Egypt during July, compared …