Natural Gas and Mining Project (EGAS)

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News

6 February 2025 09:29 PM Egypt Gas registers 9% higher revenues in 2024; profits near EGP 291m

Cairo – Mubasher: Egypt Gas posted 70.40% year-on-year (YoY) higher net profits at EGP 290.73 million in 2024, compared to EGP 170.59 million in 2023. The revenues hit EGP 7.50 billion as of 31 December 2024, up 9.25% year-on-year (YoY) from EGP …

Financial Results

8 January 2025 07:04 PM Egypt Gas’ board approves $9.4m project contract in Jordan

Cairo – Mubasher: The board members of Egypt Gas gave the green light to sign a contract with the Technical Gas Service Company (TGS) in Jordan for a project at an estimated cost of $9.40 million. The Egyptian company will be responsible for …

Companies Investments

14 November 2024 05:14 PM Egypt Gas achieves over EGP 180.5m net profits in 9M-24

Cairo – Mubasher: The net profits after tax of Egypt Gas enlarged to EGP 180.63 million in the first nine months (9M) of 2024 from EGP 138.62 million a year earlier. The EGX-listed company’s revenues hit EGP 4.92 billion as of 30 September 2024, …

Financial Results

18 August 2024 01:41 PM Egypt Gas generates EGP 3bn revenues in H1-24; capital raise unveiled

Cairo – Mubasher: Egypt Gas posted year-on-year (YoY) higher net profits at EGP 167.61 million in the first half (H1) of 2024, compared to EGP 122.81 million. The revenues increased to EGP 3.01 billion as of 30 June 2024 from EGP 2.10 billion in …

Management Decisions

16 May 2024 01:18 PM Egypt Gas’ net profit rises to EGP 139m in Q1-24

Cairo – Mubasher: Egypt Gas’ net profit after tax jumped to EGP 138.96 million during the first quarter (Q1) of 2024 from EGP 93.84 million in the comparative period in 2023. Operating revenues increased to EGP 1.31 billion in Q1-24 from EGP 1.01 …

Financial Results

7 February 2024 06:25 PM Egypt Gas obtains board’s nod for capital hike

Cairo – Mubasher: The board of Egypt Gas agreed, on 5 February 2024, to increase the authorised capital to EGP 3 billion from EGP 2 billion. The listed firm also plans to raise its issued and paid-up capital to EGP 1.44 billion from EGP 961.48 …

Management Decisions

28 January 2024 03:11 PM Egypt Gas’ net profits plunge 46% in 2023

Cairo – Mubasher: Egypt Gas logged net profits after tax amounting to EGP 162.11 million in 2023, an annual drop of 46% from EGP 301.96 million. Activity revenues hit EGP 6.87 billion in 2023, lower by 2% year-on-year (YoY) than EGP 7.02 billion, …

Financial Results

21 December 2023 11:09 AM Egypt Gas targets EGP 245m profits in 2024

Cairo – Mubasher: The board of directors of Egypt Gas approved the estimated budget for the year 2024, aiming to achieve EGP 245 million in profit after tax, compared to EGP 309 million by the end of 2023. The EGX-listed firm targets to generate …

Board of Directors

14 November 2023 00:42 PM Egypt Gas records decline in 9M-23 financial results; revenues hit EGP 3.61bn

Cairo – Mubasher: The net profits after tax of Egypt Gas dropped year-on-year (YoY) to EGP 138.62 million in the first nine months (9M) of 2023 from EGP 152.49 million. The EGX-listed listed firm posted revenues amounting to EGP 3.61 billion in …

Financial Results

17 August 2023 10:06 AM Egypt Gas posts higher profits at EGP 123m in H1-23

Cairo – Mubasher: Egypt Gas achieved net profits after tax amounting to EGP 122.81 million in the first half (H1) of 2023, compared to EGP 103.52 million in H1-22. Operating revenues amounted to EGP 2.10 billion in January-June 2023, versus EGP …

Financial Results

15 May 2023 03:45 PM Egypt Gas logs nearly EGP 94m profits in Q1-23

Cairo – Mubasher: The net profits after tax of Egypt Gas amounted to EGP 93.84 million in the first quarter (Q1) of 2023, compared to EGP 75.88 million during the same period a year earlier. Meanwhile, the revenues declined to EGP 1.01 billion in …

Financial Results

21 March 2023 00:15 PM Egypt Gas’ shareholders approve 2022 dividends, capital hike

Cairo – Mubasher: The shareholders of Egypt Gas greenlighted the payment of EGP 1.25 per share as cash dividends for 2022, according to a bourse disclosure. During the extraordinary general meeting (EGM) that was held on 18 March 2023, the …

Cash Dividends

6 February 2023 03:26 PM Egypt Gas’ profits exceed EGP 301m in 2022; dividends proposed

Cairo – Mubasher: Egypt Gas achieved net profits after tax worth EGP 301.18 million in 2022, higher by 82% year-on-year (YoY) than EGP 165.82 million. The company generated revenues worth EGP 7.02 billion in 2022, an annual surge of 30% from EGP …

Financial Results

29 December 2022 11:11 AM Egypt Gas aims to achieve EGP 309m in 2023 profits

Cairo – Mubasher: Egypt Gas’ board of directors approved the estimated budget for the year 2023. The company plans to achieve EGP 309 million in net profits next year, compared to expected profits of EGP 165 million by the end of 2022. In the …

Financial Results

15 November 2022 04:52 PM Egypt Gas generates EGP 152m in 9M-22 profits

Cairo – Mubasher: The net profits of Egypt Gas registered EGP 152.49 million during the first nine months (9M) of the year, a surge of 261.95% when compared to EGP 42.13 million in the same period in 2021. Earnings per share (EPS) rose to EGP 3.18 …

Financial Results

7 August 2022 00:44 PM FRA approves Egypt Gas' capital raise

Cairo – Mubasher: The Financial Regulatory Authority (FRA) in Egypt has approved in principle publishing the disclosure regarding the invitation of senior shareholders to subscribe to Egypt Gas’ capital raise, according to an official statement on …

Corporate Actions

27 March 2022 01:28 PM Egypt Gas to distribute EGP 1.5/shr dividends, raise capital

Cairo – Mubasher: The ordinary general meeting (OGM) of Egypt Gas has approved a cash dividend distribution of EGP 1.5 per share for 2021. The shareholders have also agreed on increasing the company's issued capital to an amount not exceeding EGP …

General Assembly

6 March 2022 05:00 PM Egypt Gas' net profits up 96% in 2021; capital hike approved

Cairo – Mubasher: Egypt Gas' net profits after tax surged by around 96% year-on-year (YoY) to EGP 165.82 million in 2021, compared to EGP 84.66 million. The company generated revenues of EGP 5.40 billion last year, versus EGP 4 billion in 2020, …

Corporate Actions

15 November 2021 02:20 PM Egypt Gas reports 365% profit hike in nine months

Cairo – Mubasher: Egypt Gas achieved net profits of EGP 42.13 million in the first nine months of 2021, a surge of 365% year-on-year (YoY) from EGP 9.06 million.  The revenues jumped to EGP 3.62 billion in the January-September period, compared to …

Financial Results

31 October 2021 06:10 PM EGX-listed firms reveal impact of gas price hike on operations

By: Heba El-Kordy Cairo – Mubasher: Companies operating in the production of iron, cement, and fertilisers disclosed to the Egyptian Exchange (EGX) the impact of the government's decision to increase natural gas prices for factories by about 28% …

Company News

11 August 2021 00:56 PM Egypt Gas turns to profitability in H1-21 on higher revenue

Cairo – Mubasher: Egypt Gas turned to net profits of EGP 23.89 million in the first half (H1) of 2021, versus net losses of EGP 43.4 million in H1-20.  The company's revenues levelled up to EGP 2.25 billion in the January-June period, compared to …

Financial Results

20 May 2021 11:44 AM Egypt Gas turns profitable in Q1-21

Cairo – Mubasher: Egypt Gas turned to net profits of EGP 5.83 million in the first quarter (Q1) of 2021, versus net losses of EGP 37.76 million in Q1-20. The revenues soared to EGP 978.97 million in the three-month period ended 31 March, compared …

Financial Results

28 March 2021 03:43 PM Egypt Gas to distribute EGP 1/shr dividends for 2020

Cairo – Mubasher: The ordinary general meeting (OGM) of Egypt Gas approved a cash dividend of EGP 1 per share for 2020. The dividends will be paid in one or more installments depending on the company’s liquidity position, according to a bourse …

General Assembly

15 February 2021 00:44 PM Egypt Gas sees profits almost halve in 2020; dividends proposed

Cairo – Mubasher: Egypt Gas achieved net profits of EGP 84.632 million during 2020, down by 48.7% year-on-year (YoY) from EGP 164.95 million, the unaudited financial results showed.   Meanwhile, revenues increased to EGP 4.002 billion last year …

Cash Dividends

30 December 2020 00:28 PM Egypt Gas approves Petromaint's capital raise

Cairo – Mubasher: The board of directors of Egypt Gas approved a decision to increase the authorised capital of its 15.08%-owned subsidiary Alexandria Petroleum Maintenance Co (Petromaint) to EGP 300 million from EGP 136 million.   The issued and …

Corporate Actions