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3 June 04:30 PM Kima registers over EGP 811.5m profits in 9M-24/25
Cairo – Mubasher: Egyptian Chemical Industries (Kima) logged net profits after tax valued at EGP 811.65 million in the first nine months (9M) of fiscal year (FY) 2024/25, an annual hike from EGP 102.28 million. Basic earnings per share (EPS) …
Financial Results
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2 June 08:33 AM EFIC’s consolidated profits rise 6% in Q1-25
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) reported 6% year-on-year (YoY) higher consolidated net profit after tax at EGP 456.11 million in the first quarter (Q1) of 2025. The generated earnings were compared to EGP 428.49 million, …
Financial Results
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17 April 09:02 AM Kima targets EGP 1.3bn net profits in FY2025/26
Cairo – Mubasher: Egyptian Chemical Industries (Kima) targets achieving net profits of EGP 1.36 billion in fiscal year (FY) 2025/2026, according to a bourse disclosure.  Kima also plans to generate revenues of EGP 9.53 billion, compared to EGP …
General Assembly
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16 March 02:27 PM Norwegian firm Scatec pens deal with Egypt Aluminum for $750m solar plant
Cairo – Mubasher: Norwegian company Scatec inked a power purchase agreement with Egypt Aluminum to establish a 1 GW solar plant at a total cost of $750 million. The Norwegian renewables firm will secure $563 million, representing 75% of the total …
Companies Investments
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13 March 04:14 PM EFIC records EGP 1.75bn consolidated net profit in 2024, announces dividends
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) achieved higher consolidated net profits after tax at EGP 1.75 billion in 2024 compared to EGP 706.02 million in 2023. The earnings per share (EPS) soared to EGP 22.23 as of 31 December …
Financial Results
Photo Archive
6 February 07:13 PM Abu Qir Fertilizers posts EGP 4.4bn standalone profits in H1-24/25
Cairo – Mubasher: Abu Qir Fertilizers logged standalone net profits after tax amounting to EGP 4.44 billion in the first half (H1) of fiscal year (FY) 2024/2025, an annual rise of 11.89% from EGP 3.98 billion. The sales hit EGP 10.24 billion as of …
Financial Results
Photo Archive
17 November 2024 09:22 AM Ataqa’s sales hit EGP 3.7bn in 9M-24; profits fall in Q3
Cairo – Mubasher: Misr National Steel (Ataqa) registered an annual growth in net profit after tax to EGP 695.87 million during the first nine months (9M) of 2024, compared to EGP 593.57 million. The EGX-listed firm generated sales valued at EGP …
Financial Results
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14 November 2024 01:46 PM Egypt Aluminum’s profits leap 160% in Q1-24/25
Cairo – Mubasher: Egypt Aluminum posted 160% higher net profits after tax at EGP 4.23 billion in the first quarter (Q1) of fiscal year (FY) 2024/2025, compared to EGP 1.63 billion in Q1-23/24. Revenues hit EGP 11.33 billion in Q1-24/25, marking an …
Financial Results
Photo Archive
13 November 2024 03:55 PM Mopco generates EGP 11.5bn net profits in 9M-24
Cairo – Mubasher: Misr Fertilizers Production Company (Mopco) registered an annual leap in net profit after tax to EGP 11.55 billion during the first nine months (9M) of 2024, compared to EGP 5.15 billion. Mopco generated revenues valued at EGP …
Financial Results
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13 November 2024 09:40 AM Abu Qir Fertilizers’ profits fall in Q1-24/25 due to lower sales value
Cairo – Mubasher: The net profits after tax of Abu Qir Fertilizers plummeted by 35.35% to EGP 1.28 billion in the first quarter (Q1) of fiscal year (FY) 2024/2025 from EGP 1.98 billion in Q1-23/24. The decline in net profit after tax was due to a …
Financial Results
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4 November 2024 08:41 AM EFIC’s profits skyrocket 150% in 9M-24
Cairo – Mubasher: Egyptian Financial and Industrial Company (EFIC) logged 150% year-on-year (YoY) higher net profits after tax at EGP 586.71 million in the first nine months (9M) of 2024, versus EGP 234.37 million. Revenues hit EGP 2.79 billion as …
Financial Results
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20 October 2024 09:49 AM Sidpec’s 9M-24 net profits exceed EGP 1.8bn
Cairo – Mubasher: The net profits after tax of Sidi Kerir Petrochemicals Company (Sidpec) amounted to EGP 1.88 billion during the first nine months (9M) of 2024, an annual rise of 4.13% from EGP 1.81 billion. Revenues increased by 2.94% to EGP …
Financial Results
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17 October 2024 08:51 AM Kima’s net profits hit EGP 2.5bn in FY23/24
Cairo – Mubasher: Egyptian Chemical Industries (Kima) logged net profits amounting to EGP 2.53 billion in fiscal year (FY) 2023/2024, an annual leap of 120% from EGP 1.15 billion. Revenues decline by 1% year-on-year (YoY) to EGP 6.53 billion in …
Financial Results
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2 October 2024 02:27 PM Egypt Aluminum unveils cash dividends for FY23/24
Cairo – Mubasher: Egypt Aluminum announced the board’s proposal to pay a cash dividend of EGP 3 per share for fiscal year (FY) 2023/2024, according to a bourse disclosure. Net distributable profits amounted to EGP 6.35 billion during the 12-month …
Cash Dividends
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30 September 2024 00:25 PM Egypt Aluminum logs EGP 9.3bn net profits in FY23/24
Cairo – Mubasher: The net profits after tax of Egypt Aluminum increased by 60% year-on-year (YoY) to EGP 9.32 billion in fiscal year (FY) 2023/2024 from EGP 3.69 billion. Revenues amounted to EGP 32.81 billion as of 30 June 2024, an annual surge …
Financial Results
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30 September 2024 09:46 AM Misr Chemical Industries unveils dividends for FY23/24
Cairo - Mubasher: The ordinary general meeting (OGM) of Misr Chemical Industries greenlighted cash dividends of EGP 4 per share for the fiscal year (FY) 2023/2024. The shareholders approved the board’s dividends proposal on 28 September 2024, …
Cash Dividends
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25 September 2024 08:27 AM Sidpec to distribute bonus shares
Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) increased its issued and paid-up capital to EGP 1.81 billion from EGP 1.51 billion. The EGP 302.40 million raise amount will be disbursed as 151.20 million free shares at a nominal value …
Companies Investments
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29 August 2024 11:20 AM EFIC logs nearly EGP 789m consolidated profits in H1-24
Cairo – Mubasher: Egyptian Financial and Industrial Company (EFIC) posted consolidated net profits after tax valued at EGP 788.88 million in the first half (H1) of 2024, an annual hike from EGP 435.50 million. The sales hit EGP 3.98 billion in …
Financial Results
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18 August 2024 09:27 AM Ataqa logs higher profits in H1-24; revenues exceed EGP 2.7bn
Cairo – Mubasher: Misr National Steel (Ataqa) recorded net profits amounting to EGP 535.45 million in the first half (H1) of 2024, compared to EGP 410.74 million in H1-23. Net sales hit EGP 2.77 billion as of 30 June 2024, up year-on-year (YoY) …
Financial Results
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6 August 2024 08:43 AM Sidpec unveils new JV in US, capital raise
Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) inked a deal to establish Alexandria Supply Chains Company in line with the US shale gas project, according to a bourse filing. The Egyptian Petrochemicals Holding Company (ECHEM) will …
Management Decisions
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4 August 2024 08:43 AM Abu Qir Fertilizers registers EGP 9.1bn net profits in FY23/24
Cairo – Mubasher: Abu Qir Fertilizers logged net profits after tax valued at EGP 9.16 billion in fiscal year (FY) 2023/2024, down 4.32% year-on-year (YoY) from EGP 9.56 billion. The revenues shrank by 14.06% to EGP 18.52 billion during the …
Financial Results
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29 July 2024 02:11 PM Egypt’s steel rebar production surges 37% in H1-24
Cairo – Mubasher: Egypt’s production of steel rebar hiked by 37% year-on-year (YoY) to 4.15 million tonnes in the first half (H1) of 2024. The production growth was backed by the availability of the dollar currency and companies' tendency to …
Macroeconomics
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10 July 2024 11:48 AM Ezz Steel swings to consolidated profit in Q1-24
Cairo – Mubasher: Ezz Steel shifted to a consolidated net profit after tax of EGP 1.26 billion during the first quarter (Q1) of 2024, compared to a net loss of EGP 2.48 billion in the corresponding period a year earlier. Consolidated net sales …
Financial Results
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2 July 2024 00:30 PM Sidpec, partners plan to launch $663m company to import US shale gas
Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec), and a consortium of companies, are planning to establish a company to import liquified ethane gas (US shale gas) through a consortium of other parties. The company’s capital will amount …
Companies Investments
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30 June 2024 00:45 PM Egyptian-Norwegian companies seal $890m deal to produce green ammonia in Damietta
Cairo – Mubasher: Egyptian Petrochemicals Holding Company (ECHEM) and Misr Fertilizers Production Company (Mopco) have signed an agreement with Norway’s Scatec and Yara International for production of green ammonia in Damietta. With an investment …
Companies Investments