Financial Statement

Finance Ministry issues financial statement of 20/21 budget

Tue, 02 Jun 2020 - 12:14 GMT

“Total expenditure in the 2020/2021 budget is planned to hit about LE 1.713 trillion, compared to LE 1.574 trillion in the 2019/2020 budget,” the ministry stated.

Estimated budget deficit in 2018/19 stands at LE 430.8B

Sun, 15 Apr 2018 - 11:14 GMT

Egypt targets a budget deficit of 8.4 percent of gross domestic product (GDP) in the new budget of fiscal year 2018/19, which will start on July 1.

Sednaoui trims annual losses by LE 3M in FY 2016/17

Sun, 10 Sep 2017 - 12:43 GMT

The company’s losses reached LE 5.5 million by the end of fiscal year 2016/2017, compared to LE 8.5 million in the previous year.

Pioneers Holding’s consolidated assets rise LE 773M in H1 2017

Wed, 30 Aug 2017 - 11:35 GMT

The company attributed the growth of assets to higher value of housing projects, increasing by 9.8 percent or LE 936 million.

Barclays Bank Egypt posts LE 508M profits in H1 2017

Wed, 30 Aug 2017 - 11:27 GMT

Revenues increased by 34 percent to reach LE 946 million ($ 53.54 million).

Orascom Construction posts $2B revenues in H1

Thu, 24 Aug 2017 - 12:21 GMT

Earnings before interest, tax, depreciation and amortization (EBITDA) rose 12.1 percent to reach $111 million in the first six months of 2017.

Pioneers Holding posts LE 106M profits in H1

Mon, 21 Aug 2017 - 02:09 GMT

Net revenues reached LE 4 million in the first six months of this year, up from LE 2.6 million in the same period of the previous year.

Lecico Egypt’s revenues grow 69% YoY on sanitary ware segment

Tue, 15 Aug 2017 - 07:00 GMT

Gross profit recorded LE 131 million in Q2 of 2017 compared to LE 40 million in Q2 of 2016 and down from LE 134 million in 1Q17.

Lecico Egypt turns profitable, posts LE 586M revenues in Q2

Mon, 14 Aug 2017 - 04:09 GMT

Operating earnings before taxes reached LE 47.7 million in the second quarter of 2017, against operating loss of LE 19.4 million in Q2 of 2016.

EGYTRANS profits soar 230%, sales hike 153% in H1

Tue, 08 Aug 2017 - 06:00 GMT

Sales surged 153 percent to LE 184.6 million in the first six months of this year, compared to LE 18.3 million in the same period of the previous year.

Global Telecom sees 33.4% increase in profits in Q2 2017

Thu, 03 Aug 2017 - 02:48 GMT

Total revenues rose 10.4 percent to reach $765 million in Q2 of 2017 from $693 million in the same period of the previous year.

Osool ESB Securities profits skyrocket 465% in H1 2017

Thu, 03 Aug 2017 - 01:06 GMT

Revenues rose 50 percent to reach LE 12.76 million in the first six months of this year compared to LE 8.5 million in the year-ago period.

EG Bank revenues surge 104% in FY 2016/17

Thu, 03 Aug 2017 - 10:35 GMT

EG Bank’s net profits after deducting taxes rose 18 percent to reach LE 282.4 million ($15.8 million), up from LE 238.7 million in the period ended June 30, 2016.

Mohandes Insurance posts LE 64M profits in FY 2016/17

Fri, 21 Jul 2017 - 06:00 GMT

Mohandes Insurance Co’s net profits rose 46.7 percent to LE 64 millionin the fiscal year from LE 44 million in the previous year.

NBK-Egypt profits down 14% in H1 of 2017

Fri, 21 Jul 2017 - 05:00 GMT

NBK Egypt achieved profits of LE 727 million ($ 40.64 million)in the first half of 2017, down 14.4 percent from LE 849 ($ 47.49) million in the same period in 2016.

CIB posts LE 3.6B revenues in Q2 of 2017

Thu, 20 Jul 2017 - 10:21 GMT

The consolidated revenues of the Commercial International Bank (CIB) grew 29 percent to LE 3.55 billion.

Al Ezz Dekheila losses shrink 60% in Q1 of 2017

Mon, 17 Jul 2017 - 12:53 GMT

Al Ezz Dekheila Steel Company’s losses shrank 60.3 percent year-on-year to LE 69 million ($3.8 million) in the three months.

Alexandria Mineral Oils profits up 153% YoY

Sun, 16 Jul 2017 - 03:26 GMT

The company’s profits reached LE 1.1 billion ($61.2 million) in FY 2016/2017.

Alexandria Containers registers LE 399M profits in June

Sun, 16 Jul 2017 - 12:53 GMT

Revenues reached LE 238.64 million ($13.3 million).

Golden Pyramids Plaza records $22M profits in 3 months

Sun, 16 Jul 2017 - 11:26 GMT

The unconsolidated results indicated that earning per share (EPS) reached $0.04, versus $0.025 losses in the period ending on March 31, 2016.

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